Foreign brokerage HSBC has repeatedly rated “buy” in major passenger cars, and has repeatedly made Suzuki a major company, with its target price remaining at Rs 14,000. The set target means the possibility of a rise of more than 10% from the previous closing of Rs 12,668.25 per share in BSE.
According to the brokerage, India will emerge as an export hub for electric vehicles (EVs) or Suzuki and Toyota. It also added that Maruti Suzuki, the country’s largest automotive company, offers a strong volume rise potential.
HSBC noted that it analyzed Suzuki’s export market along with EV penetration. Additionally, sales estimates of 5,000-6,000 units per month are considered plausible.
Global Securities said that while the margin ratio could be lower, it is not an absolute for exported EVs. The brokerage added that EV export traction will become a key driver for stocks.
Maruti Suzuki’s shares have been steadily trading on a negative bias in a weak market of Rs 12,663.55 on BSE.
Maruti Suzuki’s Q3FY25 revenue
Maruti Suzuki rose 13% in the December quarter at Rs 3,525. Revenue also rose to Rs 33,309, up 16% year-on-year in the review quarter.
In addition, in terms of operation, EBITDA reached 4,470 crores, an increase of 14% from the previous year.
Maruti Suzuki Stock Price Performance
Maruti Suzuki’s shares have won over 15% over the past year, but have won 52% over the past three years.
