Maruti Suzuki Share Jumps 1.5% Ahead Of Q3 Results; Brokerages Predict 21% Upside; Time to Buy?

Shares of Maruti Suzuki India Ltd gained approximately 1.5% as the auto giant prepares to announce its Q3 FY 2024-25 financial results later today. This earnings season has seen some companies deliver outstanding performances, while others have reported moderate growth. Investors are keenly watching Maruti Suzuki's results to gauge the company's performance.

Maruti Suzuki Stock Performance Today

Shares of Maruti Suzuki opened at Rs. 12,120 and quickly surged to an intraday high of Rs. 12,310. This rally comes after a period of relatively flat trading. Over the last five trading sessions, Maruti Suzuki shares have gained 2.63%. In the month so far, the stock has witnessed an impressive 14% increase. Looking at a broader timeframe, Maruti Suzuki has delivered a 23.23% gain over the past year. Market participants are closely watching the stock as the company prepares to release its Q3 earnings report.

Maruti Suzuki Share Price Target

An analysis report from Motilal Oswal suggests that Maruti Suzuki (MSIL) has strong growth potential in the utility vehicle (UV) segment. While the company may face challenges in two specific sub-segments, which together contribute only 10% of total sales, it is well-positioned to expand its market share in most other categories. With a robust pipeline of new launches, MSIL is expected to strengthen its presence in the UV segment in the coming years, easing investor concerns.
The brokerage firm sees upside potential in Maruti Suzuki's stock, stating: "At 23x FY26E/21x FY27E EPS, MSIL is among the few large-cap OEMs available at a discount to historic valuations. We reiterate our BUY rating with a target price (TP) of Rs. 14,500, valuing the stock at 26x Dec'26E EPS."

Latest Maruti Suzuki News

As Maruti Suzuki prepares to release its Q3 results today, the company is already making headlines with major developments. At the Bharat Mobility Global Expo 2025, Maruti Suzuki unveiled its highly anticipated e-Vitara electric SUV. Additionally, the automaker showcased futuristic concept versions of several existing models, including the Maruti Swift, Dzire, Fronx, Grand Vitara, Jimny, and Invicto.
A report by Motilal Oswal highlights MSIL's ambitious export growth plans, stating:
"MSIL aims to achieve exports of 750,000-800,000 units by FY31, translating into a 15% CAGR in export volumes during this period. To reach this target, the company is implementing several strategic initiatives:"

Highlighting the company's financial performance, the brokerage firm said, For FY26, we see multiple launch tailwinds for MSIL, such as its first EV for India and exports, hybrid variants, and one SUV. Further, any favorable policy for hybrids by the government may drive a rerating, as MSIL would be the key beneficiary of the same. We expect MSIL to deliver an 11% earnings CAGR over FY24-27E, driven by new launches and strong export growth."