Shares of Maruti Suzuki are in focus after Goldman Sachs maintained a ‘Neutral’ rating on the stock with a target price of Rs 12,000 per share.
Goldman Sachs highlighted that Maruti’s management expects the domestic car industry growth to decelerate to 1%–2% in FY26. However, the company remains optimistic about growing faster than the overall industry.
The brokerage cut its FY26–FY28 earnings per share (EPS) estimates by 2% to 8%, citing a more cautious demand outlook.
At the current market price of Rs 11,650.00 per share, Goldman Sachs’ target price of Rs 12,000 implies a limited upside of about 3%.
Disclaimer: This article is for informational purposes only. Investors are advised to consult certified financial advisors before making any investment decisions.
