The market valuation of Maruti Suzuki India increased by Rs 10,519.95 crore on Wednesday as its shares rose by about 4%.

On the BSE, the stock increased 3.61 percent to close at Rs 9,994.50 per share. It increased 4% throughout the day to reach a 52-week high of Rs. 10,036.70.

It increased 3.55 percent to conclude at Rs 9,990.10 per piece on the NSE. Shares of the automaker rose 4% during the day to hit a 52-week high of Rs 10,036.95.

The stock experienced the most rise among the Sensex companies.

In line with a rise in the share price, the company’s market value increased by Rs 10,519.95 crore to Rs 3,01,913.92 crore on the BSE.

Maruti Suzuki India (MSI) unveiled the new Invicto on Wednesday with starting prices ranging from Rs 24.8 to Rs 28.4 lakh in an effort to establish itself in the market for high-end three-row multi-purpose vehicles.

According to business Managing Director and CEO Hisashi Takeuchi, the company wants to double its turnover from FY22 levels to about Rs. 1.68 lakh crore by 2030–31 in accordance with parent Suzuki Motor Corporation’s global expansion strategy.

Suzuki Motor Corporation hopes to reach a global sales of Rs 4.32 lakh crore in FY30–31, which would be precisely twice the turnover of Rs 2.16 lakh crore attained in FY21–22. The business expects India to “play a very big role” in this endeavour, he added.