Stock market analysts are of the view that investors can buy Maruti Suzuki India Ltd stock to achieve an intraday target between Rs 1610-1620.

According to them, investors can buy the stock between Rs 1590-1595 with a strict stop loss of Rs 1575.

Shares of the company, on Friday (Dec 04), closed at Rs 1595.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1740 and a low of Rs 428.40 on BSE.

Current EPS & P/E ratio of the stock stood at 55.73 & 28.34.

During the last month (Nov 2009), Maruti Suzuki India sold around 87,807 vehicles including 11,448 units of exports.

The country's top car manufacturer had sold 52,711 vehicles in the same period of the last year (Nov 2008). This includes 5,007 units of exports.

The 60.1 percent Indian sales escalation during the last month is computed on the low base of Nov last year when the whole industry was in worst ever slowdown.

Compared to Nov 2007 (65,216 units), the domestic sales of the company surged 17.1 percent.

In the same way, for the period April- Nov 2009, the domestic growth stood at 18.9 percent.

Maruti, in Nov 2009, said that it would roll out a new van during this fiscal to put back its MPV Versa, whose fabrication has been halted.

Moreover, the company is also planning to raise its production capacity to one million vehicles by the end of the existing fiscal.