Maruti Suzuki shares see target price cuts by Jefferies, Nomura, other brokerages after Q2 net profit drops 26% YoY. What’s ahead?

Maruti Suzuki shares post marginal gains despite a 26% YoY decline in Q2 FY27 net profit. Jefferies, Nomura and Elara Capital lower their target prices, citing weaker margins and financial income, even as record sales volumes and strong revenue growth offer support.