Introduction: Market Movement Ahead of Quarterly Results
Shares of Maruti Suzuki India, the country’s premier automobile manufacturer, showed a slight upward movement on Thursday as investors anticipate the company’s upcoming quarterly earnings report. Global financial giant Morgan Stanley reiterated its bullish stance on the stock, assigning it an overweight rating with a price target of Rs 18,360. This target suggests a potential gain of approximately 12% from the current trading price of Rs 16,396.
Positive Market Sentiment Driving Share Price
Morgan Stanley expressed optimism about Maruti Suzuki’s stock performance over the next two months. The brokerage highlighted several factors likely to propel the stock upward, including a resurgence in demand from first-time car buyers, expanding sales in rural areas, and strong consumer enthusiasm for the company’s recently launched SUVs. These trends are expected to enhance Maruti Suzuki’s market presence significantly.
Electric Vehicle Growth Boosting Profitability
Another key driver identified by Morgan Stanley is the increasing contribution of electric vehicles (EVs) in Maruti Suzuki’s export portfolio. This shift towards EVs is anticipated to raise the company’s average selling price (ASP), positively impacting revenues in upcoming quarters.
Upcoming Quarterly Results Announcement
Maruti Suzuki India is scheduled to release its unaudited financial results for the second quarter of fiscal year 2026 (Q2FY26), covering the July to September period, on October 31, 2025. Market participants will be closely watching these numbers to gauge the company’s ongoing performance.
Current Trading Snapshot of Maruti Suzuki Shares
As of 12:51 PM on Thursday, Maruti Suzuki shares were trading marginally higher at Rs 16,404 on the Bombay Stock Exchange (BSE), reflecting a 0.04% increase from the previous day’s close. The stock opened at Rs 16,660, which also marked the day’s highest price, while the intraday low was Rs 16,340.
The company’s market capitalization stands at Rs 5.16 lakh crore, with the share price having touched a 52-week peak of Rs 16,660 and a 52-week trough of Rs 10,725 on the BSE.
Q1FY26 Financial Performance Overview
In the first quarter of fiscal year 2026, Maruti Suzuki reported a consolidated net profit of Rs 3,792 crore, showing a slight improvement from Rs 3,760 crore recorded in the corresponding quarter last year. Total income for the quarter reached Rs 40,493 crore, up from Rs 36,840 crore in Q1FY25, reflecting steady growth in the company’s business operations.
