Maruti Suzuki shares touched a record high but slipped as traders booked profits, leaving the stock near a key resistance level.
Recent price action
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.
Year‑to‑date performance
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.
Fundamental outlook
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 perspective
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.
What retail investors can consider
- Keep an eye on the ₹16,700 resistance level.
- If you already own the stock, protect gains with a stop‑loss near ₹16,500.
- Watch for any news on margins, promotions or the Kharkhoda plant that could affect earnings.
- New buying may be risky until the stock either breaks the resistance or shows a solid pullback.
Remember, this is just an overview, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.