30% Sales Jump Sends Maruti Shares Skyrocketing

Maruti Suzuki Shares Rise 3% Following 30% Surge in December Sales

30% Sales Jump Sends Maruti Shares Skyrocketing

MarketsMOJO Sell

30% Sales Jump Sends Maruti Shares Skyrocketing Maruti Suzuki India’s stock saw a notable increase of 3.22% on January 1, 2025, outperforming its sector by 0.71%. The stock reached an intraday high of ₹11,210 and has risen for two consecutive days, accumulating a total gain of 3.51% over this period.

Currently, the stock is trading above its 5-day and 20-day moving averages but remains below its longer-term averages, including the 50-day, 100-day, and 200-day moving averages. The broader Automobiles – Passenger Cars sector also performed well, advancing by 2.38%.

Comparatively, Maruti Suzuki’s one-day gain of 3.02% outshined the Sensex, which only rose by 0.52%. Over the past month, the stock has shown a modest gain of 1.08%, contrasting with the Sensex’s 1.58% decline. Despite the recent upward momentum, the stock currently holds a “Sell” recommendation from MarketsMOJO.

30% Sales Jump Sends Maruti Shares Skyrocketing Maruti Suzuki India Ltd. demonstrated a strong upward trend, with its share price climbing 3.35% to approximately ₹11,190, signaling a significant recovery after recent market fluctuations. The stock opened at ₹10,858 and peaked at ₹11,273.95 during the trading session, showcasing robust investor confidence. With a trading volume of 348,145 shares and a market capitalization surpassing ₹3.5 trillion, Maruti Suzuki remains a key player in India’s automotive industry.

Performance Summary of Maruti Suzuki

Maruti Suzuki, a market leader in the Indian automobile sector, is often viewed as an indicator of the automotive industry’s overall health. Today, the company’s stock outperformed its sector by 0.71%, reflecting its resilience and continued investor interest.

Key Trading Insights

The stock experienced a trading range between ₹10,800.20 and ₹11,273.95, with an opening price of ₹10,858. Today’s performance marks a continuation of its upward trajectory, following a previous close of ₹10,858.40.

Technical Indicators

On the technical front, the stock is currently trading above its 5-day and 20-day moving averages, indicating short-term bullish momentum. However, it remains below the 50-day and 200-day moving averages, suggesting caution for longer-term investors.

Weekly and Monthly Trends

Over the past week, Maruti Suzuki’s stock has gained 3.51%, outpacing the broader Automobiles – Passenger Cars sector, which recorded a 2.38% increase. This positions Maruti as a sector leader in terms of performance.

Market Sentiment

Despite these gains, analysts express mixed views on the stock’s future. While short-term movements are encouraging, challenges such as rising competition and market uncertainties have led some brokerages to issue a “Sell” recommendation.

Trading Strategy

For traders, Maruti Suzuki’s price limits, set at ₹11,944.20 (upper) and ₹9,772.60 (lower), offer guidance on potential trading ranges. Monitoring technical indicators will be critical for making informed decisions.

Comparison with Broader Indices

The company’s 3.35% rise today significantly outperformed the BSE Sensex, which gained a modest 0.52%, highlighting strong investor confidence in Maruti Suzuki relative to the broader market.

Future Outlook

Looking ahead, analysts anticipate that Maruti Suzuki may encounter hurdles, including supply chain disruptions and rising material costs. However, if the company successfully addresses these challenges while maintaining production levels and rolling out new models, it has the potential to sustain its growth and market leadership.

30% Sales Jump Sends Maruti Shares Skyrocketing Welcome to the Maruti Suzuki Stock Liveblog, your hub for real-time updates and in-depth analysis of one of India’s top-performing stocks. Stay informed with detailed coverage of Maruti Suzuki’s market movements, including its latest trading metrics as of December 31, 2024, at 8:01 PM IST:

• Last Traded Price: ₹10,858.4
• Market Capitalization: ₹3,41,390.89 crore
• Volume: 198,997 shares
• Price-to-Earnings (P/E) Ratio: 24.35
• Earnings Per Share (EPS): ₹445.97

Latest Update

As of January 2, 2025, 11:48 AM IST, Maruti Suzuki is trading at ₹11,607.10, marking a rise of ₹398.81 (3.56%) for the day.

Key Metrics (January 2, 2025)

• P/E Ratio: 25.92
• EPS (TTM): ₹445.97
• Market Capitalization: ₹3,63,458 crore
• Price-to-Book (P/B) Ratio: 4.11
• Dividend Yield: 1.08%
• Face Value: ₹5.00
• Beta: 1.57
• 52-Week High/Low: ₹13,680 / ₹9,737

Historical Performance Highlights (December 31, 2024)

• Maruti Suzuki closed at ₹10,798.95, with a one-month return of -2.49% and a three-month return of -18.42%.
• Over the last six months, the stock’s beta of 1.3661 indicates higher volatility compared to the broader market.

Recent Developments

• December 31, 2024: The stock fluctuated between ₹10,800.20 and ₹11,273.95, reflecting active investor participation.
• Long-Term Returns: Over the past three years, the stock has delivered a robust return of 47.02%.

Market Sentiment and Future Outlook

Analysts remain divided on Maruti Suzuki’s prospects. While recent gains highlight strong investor confidence, challenges like supply chain disruptions and rising costs could impact long-term performance. With a strong market position and potential for new product launches, Maruti Suzuki is well-positioned to navigate these challenges.

30% Sales Jump Sends Maruti Shares Skyrocketing Maruti Suzuki shares have surged by over 6% in two days, buoyed by robust sales growth and positive market sentiment. On January 2, 2025, the stock gained 3.1% during intraday trading on the BSE, reaching a high of ₹11,570.9 per share. As of 10:57 AM, the stock was trading at ₹11,527.7, up 2.73%, while the BSE Sensex rose by 0.78% to 79,120.59. Maruti’s market capitalization stood at ₹3,62,433.86 crore, with a 52-week range of ₹9,738.4 to ₹13,675 per share.

Strong December Sales Fuel Rally

In December 2024, Maruti Suzuki reported a year-on-year (YoY) sales increase of 29.5%, with total sales reaching 178,248 units compared to 137,551 units in December 2023. Highlights include:

• Passenger Vehicle Sales: Up 28.6% to 62,788 units (48,787 units a year ago).
• Domestic PV Sales: Increased by 24% to 130,117 units (104,778 units last year).
• Total Production: Rose to 157,654 units (121,028 units in December 2023), with PV production growing 30.15% to 155,553 units.

Broader Market Trends

In November 2024, Maruti reported a 10% YoY rise in total sales to 181,531 units, including a 5% increase in domestic PV sales to 141,312 units. However, sales in the mini segment (Alto and S-Presso) and compact car segment (Baleno, Dzire, Swift, and others) saw slight declines.

Positive Analyst Sentiment

Global brokerage firm Citi has maintained a “Buy” rating on Maruti Suzuki, setting a target price of ₹13,500 per share, citing the company’s strong market position and growth potential.

Company Background

Maruti Suzuki, established in 1981 as a joint venture between the Indian government and Suzuki Motor Corporation of Japan, is India’s leading automobile manufacturer. Renamed Maruti Suzuki in 2007 after Suzuki became the majority stakeholder, the company produces a diverse range of vehicles, including hatchbacks, sedans, SUVs, and MPVs, renowned for their affordability and reliability.

Market Performance

Over the past year, Maruti Suzuki’s shares have gained 10%, outperforming the Sensex’s 9.2% increase. The company’s strong sales performance and continued market leadership position it for sustained growth in the Indian automotive market.

Maruti Suzuki Shares Rise 3% Following 30% Surge in December Sales

30% Sales Jump Sends Maruti Shares Skyrocketing Shares of Maruti Suzuki India, the country’s largest automaker, climbed 3.27% on January 2, 2025, reaching ₹11,575 on the NSE after reporting an impressive 30% year-on-year (YoY) increase in total wholesales. The stock has gained over 6% in two days, driven by robust sales numbers and positive market sentiment.

December 2024 Sales Highlights

• Total Wholesales: 178,248 units, up from 137,551 units in December 2023.
• Overall Domestic Sales (including light commercial vehicles and supplies to Toyota Kirloskar Motor): 132,523 units, up 24.44% from 106,492 units in the same month last year.
• Passenger Vehicle (PV) Sales: 130,117 units, a 24.18% increase from 104,778 units in December 2023.
• Mini Cars (Alto and S-Presso): Sales surged to 7,418 units from 2,557 units in December 2023.
• Compact Cars (Baleno, Celerio, Dzire, Ignis, Swift, WagonR): 54,906 units, up from 45,741 units YoY.
• Utility Vehicles (Brezza, Ertiga, Fronx, Grand Vitara, Jimny, Invicto, XL6): 55,651 units, an increase from 45,957 units last year.
• Exports: 37,419 units, up from 26,884 units in December 2023.

Production Growth

• Utility Vehicles: Production rose to 64,212 units from 44,290 units in December 2023.
• Vans (Eeco): Production increased to 12,788 units, up from 10,426 units YoY.

Price Hike Announcement

In December 2024, Maruti Suzuki announced plans to raise car prices by up to 4% starting January 2025, citing rising input costs and operational expenses. While the company aims to minimize the impact on customers, it stated that part of the increased costs must be passed on to the market.

Export Milestone

In August 2024, Maruti Suzuki began exporting its “Made-in-India” Fronx SUV to Japan. Manufactured at the company’s Gujarat facility, this marked the debut of Maruti’s first SUV in the Japanese market, highlighting India’s growing role in global manufacturing.

Market Performance

Over the past 12 months, Maruti Suzuki shares have risen more than 13%, reflecting the company’s robust growth trajectory and strategic initiatives.