Maruti Suzuki Share Price: This year’s Navratri was auspicious for the country’s largest car company Maruti Suzuki and its start was the most powerful in 35 years. After this, now brokerage firms not only upgraded the rating but also increased the target price. Due to this, Maruti Suzuki shares jumped into the weak market today and reached the record high. Some investors took advantage of this fast but it is still in a very strong position. Currently, it is at ₹ 16224.80 with a jump of 0.79% on BSE. Last year, on 24 December 2024, it was at 10,725.00, a year -low level, which has jumped 52.67% in 9 months to reach a record high today. Out of 48 analysts covering Maruti, 41 have purchased it, five have held hold and two have sales ratings.
What is the highest target price of Maruti Suzuki?
Goldman Sachs has upgraded Maruti Suzuki’s rating from neutral to the target and increased the target price from ₹ 13,800 to ₹ 18,900. This is the most target price for its shares. Goldman Sachs has upgraded its rating for special reasons. The brokerage firm believes that the market of entry-level cars is expected to rise after GST cuts and prices change. This year Navratri has been started by the company, because on the first day, about 80 thousand ankquiies came and about 30 thousand delivery. The company has revealed that it has received 75,000 bookings since the announcement of additional cuts last week, ie about 15,000 bookings per day which is about 50% more than normal. It has got support from the strong demand for small cars.
It is expected to get support from the Victoris SUV and Evitara’s launch of the new model after nearly two and a half years and the implementation of the Eighth Pay Commission. Goldman hopes that Maruti Suzuki’s sales will increase by 5% in FY 2026, 12% in FY 2027 and 9% in FY 2028, while talking about the auto industry during this period, it will increase by 4% in FY 2026, 8% in FY 2027 and 9% in FY 2028. Goldman has increased its income (EPS) estimate per share for FY 2026-2028 by 12%.
What is the trend of the rest of the brokerage firms on Maruti?
Invested has upheld the rating of Maruti Suzuki’s purchase and the target price also increased from ₹ 13,980 to ₹ 18,475. The brokerage firm says that GST rates are in a strong position to capitalize on the bounce in demand due to cuts and relaxation of monetary policies. Maruti recently launched the Victoris and the brokerage firm is considered positive for Maruti in the rapidly growing mid-size SUV space.
Apart from this, the brokerage firm believes that with the implementation of the Eighth Pay Commission in 2026 next year, it should also get support as about 15% of its customers are government. With the implementation of the Eighth Pay Commission, the salary and pension of the Central Government will be booked and retired. The brokerage firm believes that a good demand for SUVs like Fronx and Jimny, the rise in production of e-Vitara and its increasing presence in many countries will make Maruti Suzuki export strong. Investake believes that its valuation is currently at 29 times against the estimated price-to-aranings of FY 2027, which is at the right level against its five-year average of 28 times.
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