Maruti Suzuki India was down 0.15% to Rs 4,174.05 at 11:55 IST on BSE, overtaking Tata Motors as India's largest automobile company in terms of market capitalisation.
Meanwhile, the BSE Sensex was down 3.68 points, or 0.01%, to 28,442.44.
Maruti Suzuki India commanded a market capitalisation of Rs 1,26,089.70 crore, higher than Tata Motors' Rs 1,13,539.28 crore.
On BSE, so far 9,487 shares were traded in the counter, compared with an average volume of 38,129 shares in the past one quarter.
The stock hit a high of Rs 4,185 and a low of Rs 4,162.90 so far during the day. The stock hit a record high of Rs 4,191.40 on 16 July 2015. The stock hit a 52-week low of Rs 2,480 on 23 July 2014.
The stock had outperformed the market over the past one month till 16 July 2015, rising 10.17% compared with 6.59% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 13.94% as against Sensex's 0.77% fall.
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The large-cap company has an equity capital of Rs 151.04 crore. Face value per share is Rs 5.
Meanwhile, media reports suggested that Maruti Suzuki India may get a boost from the Seventh Pay Commission's recommendations later this year that will lead to salaries of government employees rising.
According to reports, the Pay Commission is expected to submit its report by October 2015 and this is likely to be implemented from July 2016, likely adding to an expected double-digit growth in passenger car sales in the fiscal year ending March 2017.
Maruti Suzuki is reportedly expected to be the main beneficiary of the Pay Commission's recommendations. The last Pay Commission report had resulted in car sales rising 18% annually between fiscal year ending March 2009 and fiscal year ending March 2011, reports suggested.
The Sixth Pay Commission, which was implemented in August 2008, resulted in almost 10 times increase in Maruti Suzuki's sales to government employees from fiscal year ending March 2008 to fiscal year ending March 2012, reports added.
Maruti Suzuki India's net profit rose 60.5% to Rs 1284.24 crore on 12.3% growth in net sales to Rs 13272.55 crore in Q4 March 2015 over Q4 March 2014.
Japanese parent Suzuki Motor Corporation holds 56.21% stake in Maruti Suzuki India (as per the shareholding pattern as on 31 March 2015).
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