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Maruti Suzuki may consider stock split

A proposal to this effect will be put before the board for consideration at the company's 35th AGM

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BS Reporter Mumbai
Country's largest car maker Maruti Suzuki may look at splitting the stock following the recent sharp run in prices. 

At the company's 35th AGM, chairman R C Bhargava said a proposal to this effect will be put before the board for consideration. Bhargava was responding to a query from one of the shareholders.

The company's stock has surged sharply in recent months on improved profitability and double digit growth in sales. It hit a new high of Rs 5,448.90 at the BSE today. With a market cap of over Rs 163,000 crore, the company is valued more than the parent Suzuki Motor Corp.
 

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First Published: Sep 08 2016 | 12:10 PM IST

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