The Maruti Suzuki share price declined 3.4% in intraday trade. The fall in the stock price came after the company posted its quarterly results and announced the October sales update.

The company’s domestic sales fell 5.1% to 4,40,000 units in Q2 FY26 due to the postponement of purchases in anticipation of GST-related price cuts, while exports surged 42.2% to an all-time quarterly high of 1,10,000 units.

Nomura on Maruti Suzuki: Margins to improve in H2

Nomura maintained its ‘Neutral’ rating on Maurti Suzuki, with a target price of Rs 16,956, implying an upside of 4.6%. The brokerage expects the automobile giant’s margins to rise in H2 on lower discounts and operating leverage.

Also, the brokerage firm believes that the strong pent-up demand and aggressive pricing by the company will im

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