Why did the maruti share price fall about 4% today?

After a sharp six-day rally to record territory, momentum indicators turned overbought and profit-taking set in. Investors also focused on near-term earnings quality, especially whether EBIT can stay near 10% amid discounting and input cost pressures. The combination triggered a healthy pause in an otherwise strong medium-term trend.

What is HSBC’s price target and view on Maruti Suzuki?

HSBC kept a Buy rating with an INR 18,500 target and flagged that sustaining a 10% EBIT margin is the key swing factor for the stock into Q3 and Q4. The house remains constructive longer term but sees near-term sensitivity to commodity costs, discounts, and mix.

What should investors track ahead of Q3 results on January 29?

Focus on gross margin drivers, the discount environment, product mix in SUVs and premium trims, and price actions in January. Watch dealer inventories, retail versus wholesale momentum after December, and any guidance on costs, capex, and launches. Commentary on commodity and forex trends will shape margin visibility for the next two quarters.

Is the maruti share price attractive after today’s drop?

Valuation remains rich at about 36.8x TTM EPS, but the primary uptrend is intact. Entries closer to support zones like the mid-Bollinger band or 50-DMA can improve risk-reward. Confirmation that EBIT holds near 10% would bolster confidence. Without margin evidence, the stock may consolidate near term.

Global Market Insights

MARUTI.NS Stock Today: January 07 – 4% Drop as HSBC Flags 10% EBIT Risk

ByHuzaifa Zahoor January 7, 2026January 7, 2026

The maruti share price slipped about 4% on January 7, snapping a six-day rally as investors weighed margin risks into Q3 and Q4. Shares of MARUTI.NS remain near record levels, but focus has shifted to whether EBIT margins can hold at 10% amid commodity cost risk and rising discounts. HSBC kept a Buy with an INR 18,500 target, while Bernstein is at INR 19,000. With Q3 results due on January 29, traders are reassessing near-term risk-reward after strong December sales headlines.