New Delhi, Dec. 16 -- Auto major Maruti Suzuki continues its impressive run in the equity markets, with the auto stock rallying 45% over the past one year. The counter has added 31% in the last six months and gained 5% in the past three months, extending its outperformance among large-cap auto names.

Axis Securities has reiterated its bullish stance on the automaker, maintaining a Buy rating with a target price of Rs.18,170, signalling a potential 10% upside over the next 6-9 months. The brokerage said Maruti Suzuki has reinforced its long-term ambition of reclaiming a 50% domestic market share while sustaining a 10% EBIT margin, in line with Suzuki Motor Corporation's global profitability focus. "Customer-centricity remains the centrepi...