Maruti Suzuki Shares Rise as Jefferies Upgrades to Buy

Jefferies has upgraded Maruti Suzuki's rating to Buy and raised its target price to Rs 16,500, citing an easing of crude oil and metal price risks. The brokerage expects the automaker to benefit from lower input costs and a stable domestic demand outlook. The upgrade suggests a potential 22% upside for investors, reinforcing Maruti's position as a leading player in India's passenger vehicle market.