Maruti Suzuki India, Axis Bank joins Rs 1-lakh-cr market-cap club
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Maruti Suzuki India, the country’s largest carmaker and Axis Bank, the third largest private bank, have joined the elite club of companies with market capitalisation (m-cap) of more than Rs 1 lakh crore. Shares of both these companies hit their respective lifetime highs during intra-day deal on the bourses.
At 1340 hours, shares of Axis Bank up about 2% to Rs 437 on the BSE, taking its market value to Rs 1,03,154 crore.
Axis Bank is at the nineteen positions in overall market capitalization ranking, now joined HDFC Bank, State Bank of India and ICICI Bank, which having m-cap of more than Rs 1 lakh crore.
Maruti Suzuki India scrip too surged nearly 3% to Rs 3,331 on the BSE, taking its market value to Rs 1,00,594 crore. The company has become the second auto company after Tata Motors to cross the Rs 100,000 crore marks.
Axis Bank hits a record high of Rs 440, while Maruti Suzuki India touched a lifetime high of Rs 3,349 in intra-day deals on BSE.
With the addition of Axis Bank and Maruti Suzuki India, total companies having m-cap of more than Rs 1 lakh crore now has 20 members.
There are four each companies from information technology and banking sectors and two each from automobiles, fast moving consumer goods (FMCG) and oil and gas sectors are in the list.
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