Maruti Suzuki India's stock has faced significant challenges in 2026, declining nearly 21% compared to a 7.5% correction in the NSE benchmark Nifty 50 index. Currently trading at ₹13,257, the stock has struggled since falling below the ₹15,000 mark in late February. Analysts from Mirae Asset Sharekhan indicate that if Maruti can surpass the critical ₹14,000 resistance level, it could rally to between ₹15,180 and ₹15,980, representing a potential upside of 20.5% from its last close. The stock is currently below its 50, 100, and 200-day moving averages, but above the 20-day moving average, indicating some strength. Additionally, Axis Securities has reaffirmed a 'Buy' rating but revised its target price down to ₹14,620 based on earnings projections and strong domestic demand, supported by a 34.6% year-on-year increase in exports. The anticipated rollout of the eVX model is expected to be a key growth driver.