Buy Maruti Suzuki With Stoploss Of Rs 1350

Buy Maruti Suzuki With Stoploss Of Rs 1350Stock market analyst Nitin Murarka of SMC Global is of the view that investors can buy Maruti Suzuki stock to achieve a medium term target of Rs 1450.

According to Murarka, investors can purchase the stock with a strict stop loss of Rs 1350.

Today, the shares of the company opened at Rs 1,380 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1740 and a low of Rs 752 on BSE.

Current EPS & P/E ratio stood at 72.14 and 19.26 respectively.

India's biggest car manufacturer, on April 20, has declared another big investment. This time Maruti Suzuki India will invest around Rs 2500 crore in research and development over a period of 2 years to produce better engines and later better cars. MSI's construction facility in Panesar will get a boost of Rs 1700 crore for expansion of a new production line. This comes after MSI declared the diesel facility worth Rs 9000 crore.

Maruti Suzuki, on April 14, said that the company is ready to launch a better version of Alto. Maruti thinks that now is the best time to introduce a stripped down edition of its best selling car. It sells around 20,000 Altos on a monthly basis making it the country's best selling car model.

Moreover, Maruti Suzuki India registered an increase of 11.04% in its total sales during the last month at 95,123 units, boosted by the highest monthly export figures.

The company had sold 85,669 units in March 2009, MSI said in a statement.