Maruti Suzuki shares jump 5% as Jefferies upgrades to Buy with Rs 16,500 target
Maruti Suzuki India rose nearly 5% to Rs 14,073.70 after Jefferies upgraded the stock to Buy with a Rs 16,500 target. Softer crude prices (Brent $72.26, WTI $70.12) and optimism over its flex-fuel Wagon R launch and entry-level positioning supported the move. The stock is up 14.20% over three months.
Maruti Suzuki shares jumped nearly 5% after Jefferies upgraded the stock to Buy with a Rs 16,500 target, aided by softer crude prices and optimism over its flex-fuel Wagon R launch and entry-level positioning.