Maruti Suzuki Stock Price:Today, there is a tremendous rise in the shares of Maruti Suzuki in trading. Today the share strengthened by 3 percent in intraday and reached the price of Rs 11394. The share is the top gainer of Sensex 30 and Nifty 50. Earlier on Tuesday, selling of shares was seen after the quarterly results. The financial results of the company have been weaker than expected. After the results, mixed reactions have been seen from brokerage houses regarding investment in stocks. Maruti’s profit declined by 17 percent on annual basis in the September quarter to Rs 3103 crore. Whereas the revenue has increased marginally to Rs 37,449 crore. Maruti’s profit was affected by deferred tax liability of Rs 1018 crore.
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Nomura on Maruti Suzuki
Brokerage house Nomura has set a target price of Rs 12455 in Maruti Suzuki shares with a neutral rating. According to the brokerage, some challenges are being seen including softening of demand and margin pressure in the second quarter. The increased discounts may continue in the short term. However, improvement in CNG mix and increasing ASP (Average Selling Price) have raised some hopes. Management expects festive sales to grow by 14 percent year-on-year, which may reduce inventory pressure. Due to which the possibilities of discount in the coming quarter will be reduced.
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HSBC on Maruti Suzuki
Brokerage house HSBC has set a target price of Rs 14000 with a hold rating on Maruti Suzuki shares. The brokerage house believes that the challenging demand environment and high discounts have resulted in weak margins for Maruti in the second quarter. However, it is estimated that the third quarter may be more difficult. The brokerage house expects a turnaround by FY 2026 due to improvement in demand and new product launches. Tax cut for hybrids is also considered a major risk to Maruti’s valuation.
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UBS on Maruti Suzuki
Brokerage house UBS has maintained buy rating on Maruti Suzuki stock, but reduced the target price from Rs 15200 to Rs 14800. The brokerage said the second quarter was weaker than expected, but the outlook on demand/margins is better. The situation is not as bad as feared. Gross margin contraction in the September quarter has impacted EBITDA, while PAT has been above estimates. There is strong festive demand and inventory/discounts are under control.
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Investec on Maruti Suzuki
Brokerage house Investec has maintained hold rating on the stock and reduced the target price to Rs 12,385 from Rs 14,030 citing operational miss, weak outlook. Investec said operations remained weak due to margins. Mid single digit volume growth is estimated for financial year 2025. The brokerage house said that the demand for the entry car segment remains weak due to the change in consumer behavior towards premium vehicles.
(Disclaimer: The view or advice on the share is given by the brokerage house. These are not the personal views of Financial Express. There are risks in the market, so take expert opinion before investing.)
