CLSA Maintains Outperform on Maruti Suzuki, Cuts Target to Rs 15,961 3 days ago
CLSA has updated its coverage of Maruti Suzuki, maintaining an Outperform rating while reducing the target price to Rs 15,961 from Rs 17,743. The brokerage has cut FY27/28 EPS forecasts by 5-7%, part of broader 3-13% earnings cuts across OEM sector, reflecting near-term earnings moderation while preserving positive long-term outlook.