Stock market analyst Salil Sharma is of the view that investors can sell Maruti Suzuki stock with a target of Rs 1340.

According to him, investors can sell the stock with a strict stop loss of Rs 1400.

If the stock fell below Rs 1336, it may see more weakness.

Today, the stock opened at Rs 1384 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 19.14 respectively.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

Maruti has rolled out the new version of WagonR, which comes with a latest, influential and highly fuel competent 998 cc K-series engine, offering up a high fuel efficiency of 18.9 kmpl.

Maruti Suzuki, on April 05, announced that it had revised the rates of some of its cars owing to sharp rise in the input costs and also initiation of BSIV conditions.

In the fiscal 2009-10, Maruti Suzuki India sold 1,018,365 vehicles out of which 870,790 vehicles were sold in India, the largest ever by the company.

The company said that its shipment of 147,575 vehicles in 2009-10 were also the highest ever twelve-monthly exports.