Economic TimesLean R·
Maruti Suzuki shares jump 5% after Jefferies upgrades rating to Buy. Here's the latest target price
Maruti Suzuki shares rose nearly 5% after Jefferies upgraded the stock to ‘Buy’ and raised its target price to Rs 16,500, citing strong passenger vehicle demand, easing crude prices and lower metal costs. The brokerage expects steady earnings growth and sees valuations as reasonable after recent underperformance.
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