Maruti Suzuki surges 8% in 2 days; stock nears record high on strong Q2FY23

Shares of Maruti Suzuki India climbed nearly 3 per cent to hit a fresh 52-week high of Rs 9,737.40 in Monday’s intra-day trade, after the auto-maker reported a strong September quarter results (Q2FY23). The stock has surged 8 per cent in the past two trading days.

The stock of automobiles major traded close to its record high level of Rs 10,000, which it had touched on December 20, 2017. In the past one week, it has rallied 11 per cent, as compared to 1.2 per cent rise in the S&P BSE Sensex.

Maruti Suzuki India’s consolidated net profit