Maruti Suzuki: Jefferies, Nomura and others cut targets after 26% profit drop
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
Maruti Suzuki shares post marginal gains despite a 26% YoY decline in Q2 FY27 net profit. Jefferies, Nomura and Elara Capital lower their target prices, citing weaker margins and financial income, even as record sales volumes and strong revenue growth offer support.
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishMultiple brokers cut targets after a sharp quarterly profit decline.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Q2 FY27 net profit fell 26% year on year.
- 02Jefferies, Nomura and Elara Capital lower their target prices.
- 03Record sales volumes and strong revenue growth offer support.