Technical analyst Ambareesh Baliga of Karvy Stock Broking has maintained 'buy' rating on Hero Honda Motors Limited stock to achieve a short term target.

According to analyst, the stock can be bought on dips to around Rs 1425.

The stock of the bank, on Feb 09, closed at Rs 1439.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2094 and a low of Rs 1517 on BSE.

Current EPS & P/E ratio stood at 105.41 and 13.86 respectively.

Motorcycle and Scooter India (HMSI), completely owned arm of Japan based Honda Motors will strengthen its network and augment visibility in India.

The company's initial product will be a 250cc sports bike CBR250R to be rolled out in April 2011.

The bike will be rated around Rs 1.5 lakh and above.

An HMSI representative stated, "Our current and future endeavors will be directed to meet all kinds of customer requirements, including introduction of new and unique India-specific models."

Country's biggest two-wheeler manufacturer Hero Honda is said to be in discussions with Maharashtra administration to establish a large manufacturing base in Aurangabad.

This would be Hero Honda's initial plant outside north India and is being sensed as a step in the direction of meliorating its show in the western regions.