Maruti Suzuki may consider stock split

 

Maruti Suzuki may consider stock split

  Country's largest car maker Maruti Suzuki may look at splitting the stock following the recent sharp run in prices. 

 

At the company's 35th AGM, chairman R C Bhargava said a proposal to this effect will be put before the board for consideration. Bhargava was responding to a query from one of the shareholders.

The company's stock has surged sharply in recent months on improved profitability and double digit growth in sales. It hit a new high of Rs 5,448.90 at the BSE today. With a market cap of over Rs 163,000 crore, the company is valued more than the parent Suzuki Motor Corp.