Maruti Suzuki Shares Surge 45% in 1 Year: Can the Auto Major Continue Its Impressive Run?

Will Maruti Suzuki be able to maintain its momentum and reach a 50% domestic market share? With a 45% surge in its stock price over the past year, this question is on every investor's mind.

The auto major has been on a roll, with its shares adding 31% in the last six months and gaining 5% in the past three months. But what's driving this growth, and can it be sustained?

Axis Securities has maintained its Buy rating on the stock, with a target price of ₹18,170, indicating a potential 10% upside over the next 6-9 months. The brokerage firm cites Maruti Suzuki's strong domestic positioning, clearly articulated profitability roadmap, and new product launches as key factors driving its growth.

Key Drivers of Growth

Maruti Suzuki's UV positioning has been strengthened by new product launches, such as the Victorius SUV, which has received over 30,000 bookings. The company's exports have also played a pivotal role in offsetting subdued domestic momentum, rising 42% YoY to 110,000 units in Q2FY26.

The company's presence across ICE petrol, hybrid, CNG, and EV powertrains is strategically important for progressing toward its 50% market share target. Upcoming launches, such as the eVitara and Victorius, are expected to further drive growth.

What Should Traders / Investors Do Now?

• Intraday traders: Focus on the stock's technical levels and look for opportunities to buy on dips, with a stop-loss at ₹16,000.
• Short-term traders: Consider buying the stock with a target price of ₹18,170, and a stop-loss at ₹15,500.
• Long-term investors: Look at Maruti Suzuki as a long-term investment opportunity, with a potential upside of 20-25% over the next 12-18 months.

Frequently Asked Questions

Will Nifty fall after this news? The Nifty's movement will depend on various market factors, but Maruti Suzuki's strong performance is likely to have a positive impact on the index.

Is this good or bad for bank stocks? The impact on bank stocks will be minimal, as Maruti Suzuki's growth is driven by its own strengths and industry trends.

What should retail investors watch next? Retail investors should keep an eye on Maruti Suzuki's upcoming launches, such as the eVitara, and its progress toward its 50% market share target.

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