Stock market analyst Salil Sharma has maintained 'buy' rating on Maruti Suzuki India Ltd stock with a target of Rs 1345.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 1299.

Today, the stock of the company opened at Rs 1318 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1740 and a low of Rs 1186.30 on BSE.

Current EPS & P/E ratio stood at 82.35 and 15.96 respectively.

Country's biggest car maker Maruti Suzuki India Ltd recorded a growth of 23.56% in its August sales.

It was the third time in 2010-11 that Maruti Suzuki monthly sales number has surpassed one lakh mark.

Maruti Suzuki India Ltd has decided to make an investment of around Rs 1,925 crore for establishing a third unit at its second facility in Manesar.

Maruti Suzuki India Ltd will increase its production capacitance by around 46% on increasing demand in Asia's 3rd biggest car market.

Maruti will be capable of making around 1.75 million vehicles on a yearly basis after making new plants at Manesar, near New Delhi.

The carmaker is all set to spend around 35 billion yen to set up a plant in Manesar.