Brokerages cut Maruti Suzuki targets after 26% profit drop
In short
Jefferies, Nomura and Elara Capital cut their price targets on Maruti Suzuki after its Q2 FY27 net profit fell 26% year on year. They pointed to weaker margins and lower financial income.
The stock still rose only slightly. The report says record sales volumes and strong revenue growth helped, but it does not give the new target prices.
What the reporting says
Jefferies, Nomura and Elara Capital cut target prices on Maruti Suzuki shares after the company reported a 26% year-on-year drop in Q2 FY27 net profit, according to the reporting. The brokerages cited weaker margins and lower financial income, even as record sales volumes and strong revenue growth provided support. Shares posted marginal gains, but the reporting does not give the exact target prices or explain the market reaction in full.
Why it matters
Jefferies, Nomura and Elara Capital lowered target prices on Maruti Suzuki after a 26% year-on-year fall in Q2 FY27 net profit. The reported reason was weaker margins and financial income, while record sales volumes and revenue growth helped offset some concern. The move matters for Maruti Suzuki shareholders and the broader auto market, but the reporting does not provide the revised targets.