Maruti Suzuki shares in focus after Q2 profit misses estimates. Should you invest?

  • Posted on October 30, 2024
  • By Business News Today
  • 2 Views
Maruti Suzuki shares in focus after Q2 profit misses estimates. Should you invest?

Maruti Suzuki's shares are under scrutiny following a 17% drop in standalone net profit to Rs 3,069 crore for the September quarter, missing estimates. Revenue rose marginally to Rs 37,203 crore but also fell short of expectations. Analysts have mixed views: UBS maintains a 'Buy' rating, while Investec has a 'Hold' rating, citing concerns over margin pressures and shifting consumer preferences.
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