Maruti Suzuki Long Term Buy Call
Technical analyst Rajesh Jain has maintained 'buy' rating on Maruti Suzuki India Limited stock with 20-25% gains in the 12 months.
The stock of the company, on Nov 30, closed at Rs 1423.75 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 1648 and a low of Rs 1186.30 on BSE.
Current EPS & P/E ratio stood at 83.33 and 17.06 respectively.
In November 2010, Maruti Suzuki India has posted an increase of 28.2% in its total sales, which stood at 112,554 vehicles.
The total sales include 10,051 units of exports.
Car market leader had sold around 87,807 vehicles during the same period of last year.
For the second successive month, Maruti hit 1 lakh units sales figure in India in November with 102,503 units.
During the last month, the sales in A2 section increased 32.2% whereas in the A3 section, the sales increase remained at 27.2%, as against November 2009.
The sales expansion in the C section stood at 76.5% over the same period last year.