Maruti stock: BofA upgrades to buy with a revised target of Rs 14,000

Bank of America (BofA) has upgraded Maruti Suzuki to a buy rating from neutral, citing multiple growth levers that could drive performance in CY25. The brokerage has also increased its target price to ₹14,000, up from ₹13,000, indicating significant potential upside from current levels.

Key highlights of BofA’s report:

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  • Growth drivers: BofA expects several factors, including rising demand, new product launches, and operational efficiencies, to contribute to Maruti’s growth in the coming year.
  • Market leadership: Maruti’s dominant position in the Indian passenger vehicle market is seen as a key advantage.

With the auto sector showing signs of recovery, Maruti Suzuki remains a strong contender for long-term growth, making it a top pick among four-wheelers.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.