Maruti share drives from Rs. 125 to Rs. 10,000 in 14 yrs
In the year 2003, the Central government had divested 25 per cent stake in Maruti Suzuki Limited at Rs 125 per share. The stock debuted on the exchanges on July 09, 2003 and ended the first trading at Rs. 164 levels, nearly 32 per cent higher than the issue price.
From its issue price, Maruti (MSIL) has zoomed 7,900% to cross Rs 10,000 mark in intra-day deals on the BSE. It is now the fifth most valued stock by market capitalisation (market-cap) at around Rs 3-lakh crore – only below Reliance Industries (RIL), TCS, HDFC Bank and ITC. A recent Motilal Oswal study puts Maruti among the top five wealth creators during 2012 – 17, pegging the wealth created at Rs 1.41-lakh crore in this period.