
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:
- 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.