Maruti Suzuki Hits 52-Week High on GST Reform Optimism
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BTCCSquare news:
Maruti Suzuki India Limited surged to a new 52-week high of ₹16,325 as investors bet on auto sector growth ahead of GST 2.0 reforms. The company delivered 30,000 cars and received 80,000 inquiries during Navratri, signaling strong festive demand.
India's revised GST structure slashes taxes on small cars and two-wheelers from 28% to 18%, potentially unlocking price-sensitive demand. The automotive value chain stands to benefit most, with analysts forecasting a surge in auto finance activity as vehicles become more affordable.
Maruti's trading volume reached 5.77 lakh shares worth ₹934.09 crore, with deliverable quantity at 42.94%. The automaker's market capitalization now stands at ₹5,05,244.94 crore.
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