Maruti Suzuki is trading with a gain of more than 2% after the release of the September quarter results. The company had released the July-September quarter results a day earlier. During early trading on Wednesday, this stock topped the list of Nifty's fastest stocks. However, the company's results in the second quarter have been weaker than expected. There has been a mixed response from brokerage firms after the results.

Most brokerage firms have revised their estimates on Maruti Suzuki and advised to remain cautious about the future. During the July-September quarter, Maruti Suzuki's profit fell 17% year-on-year to ₹ 3,103 crores. During this period, income increased slightly to ₹ 37,449 crores. Due to ₹ 1,018 tax liability, the profit of this country's largest auto company was affected.

What is the brokerage's opinion on the stock? Global brokerage firm HSBC has given a Hold rating on this stock and set a target price of ₹ 14,000 per share. Analysts of this brokerage firm believe that due to the challenging environment in demand and high discounts, there was pressure on the margins of the second quarter. The third quarter may be even more difficult for the company. A big turnaround is expected by the financial year 2026. The company will benefit from demand recovery and new product launches. Investec also seems cautious on Maruti Suzuki stock. This brokerage firm has reduced the target price from ₹ 14,030 to ₹ 12,385 per share while keeping a Hold opinion on the stock. This brokerage firm says that due to operational challenges, the company's margins may come under pressure. Growth is expected to be in mid single digits in the financial year 2025. The company will have to be cautious about the demand for entry-level cars. However, in contrast, UBS has given a Buy rating on Maruti Suzuki. However, this brokerage firm has reduced the target price on the stock from ₹ 15,200 to ₹ 14,800 per share. The brokerage firm said that the company's results in the second quarter have been weaker than expected. However, the brokerage firm admitted that the overall demand outlook is better and there will also be support in the festive season.