Maruti Suzuki shares touched a record high but slipped as traders booked profits, leaving the stock near a key resistance level.
On Tuesday the share rose about 1% to a record ₹16,798.80, then fell to an intraday low of around ₹16,572.20. By 12:10 pm it was trading at ₹16,623.25, while the Sensex was flat at 85,566.
The stock has risen roughly 48% so far this year, far outpacing the Sensex’s 9% gain. It bounced from a 52‑week low of ₹10,725 on 24 December last year and has stayed mostly higher, with only three months (Feb, Mar, Nov 2025) ending in the red.
Analyst Seema Srivastava (SMC Global) says Maruti’s dominant market share, expanding exports, and range of models across price points give it a solid platform for long‑term growth. She points to rising vehicle demand in India and cost advantages from scale as upside drivers.
She notes near‑term pressure on margins from higher commodity prices, bigger promotion spend and the new Kharkhoda plant, but views these as investments that will boost capacity and operating leverage in the future.
Technical analyst Jigar Patel (Anand Rathi) warns that the stock may be overbought after its recent rally. The price is hovering near a weekly double‑top resistance around ₹16,700, a level that has acted as a supply zone before.
The weekly RSI is losing upward momentum, suggesting buying strength is fading. Patel recommends traders with long positions to move their stop‑loss to about ₹16,500 or take partial profits now. He advises staying away from fresh buying until the stock shows clearer direction.
Remember, this is just an overview, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.
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