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Stock Of The Day: Maruti Suzuki's 2025 Rally Revives Bulls; BofA Raises Price Target
BofA upgraded the stock to 'buy' from 'neutral', while IIFL Securities maintained its 'buy' rating, with a target of Rs 13,800 per share.
15 Jan 2025, 12:12 PM IST 
A Maruti Suzuki dealership at Bandra, Mumbai. In December, retail car sales fell 1.97% year-on-year to 2,93,465 units. (Photo: Tushar Deep Singh/NDTV Profit)
Shares of Maruti Suzuki India Ltd. are poised for the Rs 14,000 mark, as per Bank of America, with the counter already posting over 10% rally this year after ending 2024 on a sour note. The automaker rallied as much as 3.84% on Wednesday after the brokerage upgraded the stock to 'buy'. The target price by BofA indicates an upside of 19.2% from Tuesday's close.The stock faces strong resistance around the Rs 12,160 level, aligning with...
