Maruti Suzuki India shares surged over 2% after Bank of America (BofA) upgraded the stock to a “buy” rating from “neutral.” The brokerage cited robust growth prospects for the company in 2025, driven by increasing demand, new product launches, and improved operational efficiencies.
BofA also raised the target price for Maruti Suzuki to ₹14,000, reflecting a significant upside from current levels. The company’s leadership in the Indian passenger vehicle market and the recovery in the auto sector further bolster its long-term growth potential, solidifying its position as a top choice in the four-wheeler segment.
Maruti Suzuki shares opened at ₹11,890.55, reaching a high of ₹12,192.40 and a low of ₹11,861.00 during the day. The stock’s 52-week range spans from a high of ₹13,680.00 to a low of ₹9,737.65.
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