Brokerages have given mixed views on Maruti Suzuki stock, with some maintaining a bullish stance while others remain neutral due to concerns over domestic demand and pricing pressures.
Bullish Views:
- Morgan Stanley maintained an Overweight rating with a target price of ₹14,942, citing strong export growth and margin resilience despite high discounts.
- BofA also retained a Buy call with a target of ₹14,000, highlighting export potential, especially in EVs, as a key driver for FY26-27.
- CLSA maintained a Buy and raised its target price to ₹13,446, stating that CNG-powered vehicle demand and cost control measures will support growth.
Neutral Views:
- Investec retained a Buy but cut its target price to ₹14,230, reflecting muted domestic demand risks.
- Macquarie maintained a Neutral rating with a target of ₹12,296, citing a cautious outlook on demand recovery.
- Jefferies kept a Hold with a target of ₹12,123, flagging weak domestic passenger vehicle demand and falling market share.
Maruti Suzuki stock is currently trading at ₹11,953. While brokerages see long-term export growth as a key positive, concerns remain around domestic demand weakness and high promotional costs. Investors should assess these factors before making a decision.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information.
