Buy Maruti Suzuki With Stop Loss Of Rs 1275

Buy Maruti Suzuki With Stop Loss Of Rs 1275Technical analyst Rajesh Satpute has maintained 'buy' rating on Maruti Suzuki India Limited stock with a target of Rs 1360.

According to analyst, the investors can buy the stock above Rs 1300 with a stop loss of Rs 1275.

The analyst added that the investors need to hold the stock for 3-4 trading sessions to attain the said target.

The stock of the company, on January 13, marked its closure at Rs 1313.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1599.90 and a low of Rs 1186.30 on BSE.

Current EPS & P/E ratio stood at 83.33 and 15.58 respectively.

During the last month (December 2010), Maruti Suzuki India sold around 99,225 vehicles, which comprised 9,756 units of exports.

Car market leader sold 71,000 vehicles in India during December 2009.

In December last year, the company's sales remained up by 23.5% in A2 section and 19.4% in A3 sector.

In C division, Maruti Suzuki registered an increase of 67.4%.

Maruti Suzuki remained closed for its bi-annual maintenance closure for 6 days from Dec 27, 2010 to Jan 1, 2011.