Maruti Suzuki stock jumps over 4% today after Q4 results; brokerages see mixed outlook

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2026.04.29 03:51
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Maruti Suzuki's stock rose over 4% following mixed Q4 results, with shares trading at Rs 13,365. The company reported a 6.5% decline in net profit to Rs 3,659 crore, despite a 28.2% revenue increase to Rs 52,462.5 crore. Brokerages have mixed views; HSBC maintains a 'buy' rating with a target of Rs 15,000, citing strong volume growth, while Jefferies holds a 'hold' rating at Rs 13,800, expressing concerns over market share erosion. Maruti's market cap is around Rs 4.5 lakh crore, and it achieved record quarterly sales volume.