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The Economic Times

Debaroti Adhikary

Maruti Suzuki shares jump 5% after Jefferies upgrades rating to Buy. Here's the latest target price

Maruti Suzuki Jefferies Maruti Suzuki India

The shares of Maruti Suzuki India jumped around 5% on Tuesday after Jefferies upgraded its rating on India’s largest automaker to ‘Buy’ and raised its target price to Rs 16,500 from Rs 13,800, citing multiple tailwinds.

The latest target price implies an upside potential of more than 23% from the stock’s previous closing price of Rs 13,412 apiece on the NSE. Maruti Suzuki added nearly Rs 20,500 crore to its market capitalisation on Tuesday morning, taking its valuation to Rs 4.42 lakh crore.

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