JPMorgan sees 26% upside in Maruti Suzuki on margin improvement
JPMorgan maintains a positive stance on Maruti Suzuki, citing expectations of improving profitability and margin expansion, with a price target implying roughly 26% upside from current levels.
JPMorgan projects margin improvement for Maruti Suzuki, maintaining a positive view with potential ~26% upside on the stock citing expectations of improving profitability.
Why this matters
The bullish call follows Maruti Suzuki regaining 40% PV market share in May on retail outperformance and rolling out June discounts up to Rs 90,000, supporting volume and margin expectations.
retail-company signals accelerating, up 415700% QoQ.