Maruti Suzuki Share Jumps 5% After Brokerage Houses Buy Call

Maruti Suzuki Share Price: In the stock market, where there...

Maruti Suzuki Share Price: In the stock market, where there has been a tremendous uptick in recent times, many stocks were washed a lot in these ups and downs. But during this big fall in the market, the stock of the country’s largest automobile company Maruti Suzuki has stood like a rock. And this week when the market is booming, then Maruti’s stock is seeing a great rise. In Thursday’s trading session, the stock of Maruti Suzuki is trading with a jump of Rs 392. Maruti is trading 5 per cent higher at Rs 8,170.

Why did Maruti’s stock rise
Despite the rise in commodity prices, increase in interest rates, buying is being seen in Maruti Suzuki’s stock these days. In fact, there has been an improvement in the supply of semiconductor chips, so the demand for Maruti’s vehicles is tremendous. Also, Maruti is bringing its SUV Brezza in a new avatar. Which will help the company to increase its stake in the SUV segment. The company is also going to launch 4 new SUVs in the coming days.

Brokerage houses give buying advice
ICICI Securities has advised investors to buy Maruti Suzuki stock with a target of Rs 9,487. Motilal Oswal is also bullish about the stock. The brokerage house has given a target of Rs 10,000 for the share. So UBS has also given a target of Rs 10,000 and Credit Suisse has given a target of going up to Rs 10,103.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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