Friday, July 1, 2022

Shares of Maruti Suzuki rose 5% after the brokerage house made a buy call


Maruti Suzuki share price: In the stock market, where there has been a surge in recent times, many stocks have been washed away in these ups and downs. However, shares of Maruti Suzuki, the country’s largest automobile company, have risen sharply amid the market slump. And this week, when the market is booming, Maruti’s stock seems to be rising sharply. Shares of Maruti Suzuki traded higher by Rs 392 during Thursday’s trading session. Maruti is trading at Rs 8,170, up 5 per cent.

Why did Maruti’s share increase?
Shares of Maruti Suzuki are currently being bought despite rising commodity prices and rising interest rates. In fact, the supply of semiconductor chips has improved, so the demand for Maruti’s vehicles is huge. Also, Maruti is bringing its SUV Brezza in a new incarnation. Which will help the company increase its stake in the SUV segment. The company will launch 4 new SUVs in the next few days.

Brokerage houses offer buying advice
ICICI Securities has advised investors to buy Maruti Suzuki stock with a target price of Rs 9,487. Motilal Oswal is also enthusiastic about the stock. The brokerage house has set a target price of Rs 10,000 per share. UBS has also set a target of Rs 10,000 and Credit Suisse has set a target of Rs 10,103.

Disclaimer: (The information provided here is for informational purposes only. It is important to note here that market investment is subject to market risk. Always consult an expert before investing money as an investor. No one invests money on ABPLive.com. It is never advised here.)

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