Shares of Maruti Suzuki fell 2% while Larsen & Toubro stock was trading marginally higher on January 28 ahead of December quarter results later in the day.
Maruti Suzuki
Shares of Maruti Suzuki fell as much as 2.5% on January 28, their lowest level since September 2025 ahead of third-quarter results.
Analysts, on average, expect Maruti Suzuki's revenue to grow 29% to Rs 49,593 crore, while profit is seen growing 21% to Rs 4,261 crore, showed data compiled by LSEG.
Revenue is seen climbing at its fastest pace in 13 quarters, or over three years and profit growth could hit six-quarter high, showed data compiled by LSEG.
India's top carmaker posted an 18% jump in overall sales in Q3, with domestic sales jumping 22% and exports climbing 3.9%, showed company data
Maruti Suzuki shares were weighed down on Tuesday following an India–EU trade deal that slashes tariffs on European car imports.
At 12:35 pm on January 28, Maruti Suzuki shares were trading 2% lower at Rs 14,952 apiece.
The stock fell 10% so far in January, on track for worst month since October 2024.
Larsen & Toubro
Shares of Larsen & Toubro were trading marginally higher at Rs 3,796 apiece ahead of Q3 results later on January 28.
Analysts expect a profit of Rs 4,426 crore, per data compiled by LSEG.
L&T posted consolidated net profit of Rs 3,359 crore in December quarter of 2024.
L&T saw modest inflows from domestic infrastructure projects in Q3, Elara said.
Elara has 'buy' rating on L&T backed by their diversified exposure and superior execution capabilities.
In 2025, L&T stock gained 13%.
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