HSBC has reiterated its ‘buy’ rating on Maruti Suzuki, setting a target price of ₹14,000 per share. The brokerage noted that while the domestic market outlook remains uncertain in the near term, the company’s management remains confident in export growth, particularly for electric vehicles (EVs).
However, HSBC cautioned that deterioration in domestic demand or lack of export traction could pose downside risks to the stock.
At the time of assessment, Maruti Suzuki’s share price was trading at ₹11,571.40.
Disclaimer: This article is for informational purposes only and should not be considered as investment advice. Please consult a financial expert before making any investment decisions.
