Shares of Maruti Suzuki India Ltd fell by 2.29% in early trading on October 17, 2024, following a broader market sell-off in auto stocks. The stock was trading at ₹12,100.15, down ₹283.75 from its previous close of ₹12,383.90. The stock opened at ₹12,400.00, reached a high of ₹12,420.10, and touched a low of ₹12,070.00 during early trade.
The decline in Maruti Suzuki’s stock price led to a significant market cap loss of approximately ₹8,711 crore, with the company’s total market cap now standing at ₹3,80,431.83 crore. This drop reflects the broader negative sentiment surrounding the auto sector, driven by concerns over demand and rising input costs affecting profitability across the industry.
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