Buy Maruti Suzuki With Stop Loss Of Rs 1362
Stock market analyst Prakash Gaba has maintained 'buy' rating on Maruti Suzuki stock to achieve an intra-day target that lies between Rs 1375-1380.
According to analyst, the investors can sell the stock with stop loss of Rs 1362.
The shares of the company, on June 16, closed at Rs 1364.35 the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 1740 and a low of Rs 1030 on BSE. Current EPS and P/E ratio of the stock stood at 86.45 & 15.81 respectively.
According to fresh reports, the best-selling Maruti Suzuki models including Alto, WagonR and SX4 will sport a CNG engine this year as the car manufacturer considers alternate fuel technology in order to fabricate a more eco-friendly fleet for the country.
Eyeing to keep hold of its 50% market share, Maruti will roll out new compressed natural gas (CNG)-fired editions of these vehicles, which will cost at a premium of around 15-20%.
All these cars will feature a novel technology, which will be factory-fitted, unlike the majority of other petrolpowered vehicles in India at present which are retrofitted.
Maruti Suzuki, on June 02, announced that it has sold over lakh cars in a period of just 30 days for the first time as car and bike sales remained to cruise during the last month in spite of increasing consumer prices and a burning summer in most part of India.
Maruti sold 1,02,175 cars comprising exports during the last month as new models and optimistic consumer reaction pushed sales of most auto manufacturers.