Technical Analyst Mitesh Thacker has maintained 'sell' rating on Maruti Suzuki stock to achieve a term target of Rs 1180.

According to Mr. Thacker, investors can sell the stock with a stop loss of Rs 1300.

Today, the shares of the company opened at Rs 1272.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1740 and a low of Rs 825 on BSE.

Current EPS & P/E ratio stood at 86.45 and 14.72 respectively.

In a major announcement, Maruti Suzuki said that it has decided to double up its yearly production capability.

The car major aims to hit 2 million mark by 2016 to remain as a top player in the auto business.

Mr. R. C. Bhargava, Maruti Suzuki's Chairman, said that the company's main focus will be on small cars.

The company has recorded a double growth in its forth quarter income, but failed to hit forecasts owing to high raw material costs as well as hard rivalry from all sides.

Moreover, Maruti is confronting hard competition in the compact car section from all worldwide car manufacturers.