Maruti Suzuki shares are down; falling below Rs 14,000 could lead to significant losses, experts have expressed this apprehension.

News Topical, Digital Desk : Shares of India's leading car manufacturer Maruti Suzuki are trading at a crucial level, and a further decline of ₹150 could lead to a sharp decline. On January 28, Maruti Suzuki reported its third quarter results for the current fiscal year, and subsequently, the shares are trading lower today.

Jigar S Patel, Senior Manager, Equity Research, Anand Rathi Investment Services, said the Rs 1,400 level is crucial for Maruti Suzuki shares and if it breaks, the fall could deepen further.

Key level for Maruti Suzuki shares?

According to technical expert Jigar S. Patel, the next strong support for Maruti Suzuki shares on the technical charts is Rs 1,400, and upside resistance is Rs 15,200. If the stock slips below Rs 14,000, it could see a decline towards Rs 13,600. Currently, Maruti Suzuki shares are trading at Rs 14,455.

How were Maruti Suzuki's Q3 results?

Maruti Suzuki reported in its Q3 results that the company posted a 4% year-on-year increase in profit to ₹3,794 crore in the October-December period of FY2025-26, compared to ₹3,659.3 crore in the same quarter of the previous fiscal year.

Brokerage targets on Maruti Suzuki shares?

• Global brokerage firms Jefferies, Morgan Stanley and Citi have reduced their target prices on Maruti Suzuki shares following the company's Q3 results.
• Jefferies has reduced the target price on Maruti shares to Rs 16,000, while Morgan Stanley has reduced it to Rs 17,804.
• At the same time, Citi has reduced its target price on Maruti shares from Rs 19,000 to Rs 18,200 while maintaining its 'buy' rating.

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