If You Invested ₹10,000 In Maruti Suzuki When It Retired The Iconic Maruti 800, Here's How Much You'd Have Today

Maruti Suzuki India has been one of the country’s go-to car brands. Over the years, the company has produced several popular cars, but none more popular than the iconic Maruti 800.

Launched in the early 80s, the car was priced at around ₹50,000 and roamed the streets of India for over four decades. Maruti Suzuki stopped the production of the car in early 2014.

The Investment: In January 2014, when Maruti Suzuki discontinued the iconic Maruti 800, the stock was trading at around ₹1,750. Fast forward to today, the stock is valued at ₹9,782. This means that an investment of ₹10,000 would have bought approximately 6 shares back in 2014. Today, those 6 shares would be worth approximately ₹58,692, marking a significant increase in value.

Earnings: The country's leading passenger car manufacturer saw a 145% surge in standalone net profit to ₹2,485.1 crore in the June quarter, up from ₹1,012.8 crore the previous year. The auto giant reported a 22% year-on-year rise in standalone revenue to ₹32,326.9 crore for the quarter ended June.

However, sentiments around the stock were dampened as the company announced acquiring Suzuki Motor Gujarat. Analysts noted Maruti Suzuki India Ltd.'s decision to fully acquire Suzuki Motor Gujarat will reduce its earnings per share (EPS) estimates and return ratios. The transaction, due before March 31, 2024, won't affect operational performance but will entail a cash outflow of ₹423 per share.

Price Action: Maruti Suzuki’s share price was down 0.50% to trade at ₹9,771.40 in the afternoon hours of trading on Tuesday.

Read Next: Bajaj Auto Shares Climb Even Though July Sales Miss Expectations

Disclaimer: This article is for educational purposes alone and does not constitute financial advice.

Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.

Photo Courtesy: TuRbO_J for Wikimedia Commons

Loading...
Loading...
Market News and Data brought to you by Benzinga APIs

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EquitiesEducationMarketsGeneralMaruti Suzuki