Heavyweight auto stocks are in focus today on the exchanges, with Motherson Sumi and Maruti Suzuki India hitting their respective 52-week high.
Maruti Suzuki India Limited, a major automobile manufacturer has touched its Rs 7,000 share price landmark in last Friday’s trading session, recording a gain of 30 percent till May 2017. The stock hit its 52-week high of Rs 7,200 share apiece and is one of the main contributors to the BSE Metal index. Conversely, Motherson Sumi Systems Limited hit its 52-week high of Rs 452.55 per share on the BSE.
Mahindra & Mahindra Ltd (M&M) traded in positive territory rising over 1% at Rs 1,365.05 share apiece on BSE. M&M has recommended a dividend of Rs 13 per share on face value of Rs 5 each. The stock has witnessed a spurt in volume by 2.40 times in Today’s trade. On NSE, the stock has spurted a traded volume of 22,23,721 shares and a traded value of Rs 30,299.09 lakhs in Tuesday’s trade.