Stocks of Maruti Suzuki India today extended its rally and gained nearly five per cent following the company reporting its highest ever annual profit of Rs3,711.2 crore in the fiscal year ended March 31, 2015. Scrip of the country's largest car maker ended 4.93 per cent higher at Rs3,826.65 on the BSE. During the day, it surged 5.19 per cent to Rs3,836 -- its 52-week high.
On the NSE, the stock settled at Rs3,822.60, up 4.77 per cent from its previous close. Following the smart set of results, the company's stock had gained three per cent yesterday. The company's market value rose by Rs8,665.47 crore in last two days. “Maruti Suzuki continued its surge and rallied more than 4.7 per cent owing to continued buying spree after its better-than-expected Q4 results,” said Rakesh Goyal, Senior Vice President, Bonanza Portfolio ltd.