Shares of Maruti Suzuki India Ltd. fell sharply on Wednesday, January 7, dropping more than 4.5% and ending a six-day winning streak. This decline marks the largest single-day fall for the company in nearly 11 months.
Market Movers
Top Gainers
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Share Performance Update
As of 3:56 PM on January 7, 2026, Maruti Suzuki shares were trading at a daily low of ₹16,567, down 4.2%, despite having gained 43% in the past month.
Analyst Ratings and Outlook
HSBC Maintains Buy Rating
On Tuesday, HSBC retained its “buy” rating for Maruti Suzuki, revising the price target to ₹18,500 per share. Analysts highlighted that the automaker’s market share has stabilized at 40%, while overall demand remains strong.
HSBC noted that the third and fourth-quarter margins will be pivotal for the stock’s performance. However, they cautioned that if EBIT margins drop below 10%, it could disappoint investors. Additionally, commodity price fluctuations pose short-term risks for the stock.
Bernstein Upgrades Price Target
Brokerage firm Bernstein maintained an “outperform” rating on Maruti Suzuki and raised its price target from ₹17,800 to ₹19,000.
Strong Sales Performance
In December, Maruti Suzuki reported total sales of 2.17 lakh units, surpassing Street estimates of 2.12 lakh units. This represents a 22.2% increase from 1.78 lakh units sold in December last year.
Domestic Passenger Vehicle Sales
- Total domestic sales: 1.78 lakh units, up 37.5% from 1.3 lakh units the previous year
- Alto and S-Presso models saw a 92% surge, selling 14,225 units compared to 7,418 units last year
Analyst Consensus
Out of 49 analysts covering Maruti Suzuki:
- 38 have a “buy” rating
- 7 have a “hold” rating
- 4 have a “sell” rating
The overall sentiment remains positive, but market watchers are keeping a close eye on margins and commodity prices in the near term.
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