Stock market analyst Rajesh Satpute has maintained 'buy' rating on Hero Honda India Ltd stock with a short term target of Rs 1765.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 1690.

Today, the stock of the company opened at Rs 1718.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2094 and a low of Rs 1509.90 on BSE.

Current EPS & P/E ratio stood at 111.34 and 15.52 respectively.

A series of off-market operations will witness Japanese auto giant Hero Honda exit its 25-year-old JV with the Munjals in Hero Honda with the complete agreement expected to be finished by the next six months.

The report said that the said agreement will be carried out in two different stages.

It will see the Munjal family - headed by Brijmohan Lal Munjal group - create a SPV to buy out Honda's complete 26% equity stake in the business enterprise.

India's biggest two-wheeler manufacturer has also rolled out a novel version of its one of the top-selling bikes, Super Splendor.

Available at a cost of Rs 45,950 (ex-showroom, Delhi), the 125cc section remained sluggish during the last 12-months.

The 125 cc division brings in approximately 20% of the total motorcycle market, which stood at around 75 lakh units on an annual basis.