On January 2, 2025, Maruti Suzuki's share price rose nearly 3%, reaching ₹11,534.45 as of 10.45 am. The stock has a market capitalization of ₹3.63 trillion along with a price-to-earnings ratio of 25.85 and an EPS of ₹446.28.
Despite falling 17.98% in the last three months, Maruti Suzuki stock has now managed to break above its 20-day Exponential Moving Average (EMA) of ₹11,145.28. This is an indication of the bullish trend. Analysts are expecting a target price of ₹11,175.56 for January 2025 and an upward growth of ₹13,926.59 by December 2025. Thus, Maruti Suzuki shares’ bull run is expected to continue throughout the year.
Maruti Suzuki's December 2024 sales report is also enhancing the stock's performance. The company has reported a 30% rise in wholesales, with a total of 1,78,248 units sold. Domestic sales are up by 24.44% year over year. This also includes an increase of 24.18% in the sales of passenger vehicles. Export rose by 39.4% to 37,419 units.
Partho Banerjee, Senior Executive Officer of Marketing & Sales at Maruti Suzuki, pointed out the robust sales numbers and pending orders. With over 2 lakh pending bookings and a dealer network stock for only nine days, the company is positioning itself for further success. Maruti Suzuki also intends to showcase a comprehensive electric vehicle ecosystem at the Bharat Mobility Global Expo.
The stock surged above ₹11,350 by early morning. It seems thatinvestor confidence is going strong as it trades around support levels at ₹11,300 and near resistance at ₹11,550.Good earnings reports and sector expectations in the market are driving positive sentiment. Analysts continue to be bullish about further upside if the auto sector continues this growth trajectory.