Technical analyst Sharmila Joshi of Emkay Global is of the view that investors can buy Maruti Suzuki stock for a period of six months.

According to Joshi, the investors will buy the stock at current levels.

She added that downside is limited in this counter.

Today, the shares of the company opened at Rs 339.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1740 and a low of Rs 802 on BSE.

Current EPS & P/E ratio stood at 86.45 and 14.92 respectively.

For the three month period ended March 31, 2010, Maruti Suzuki announced a 170% increase in its net profit, which stood at Rs 656.6 crore as against Rs 243.1 crore during the same quarter of 2008-09.

The company's total income for the fourth quarter jumped 30.9% to Rs 8,424.55 crore as compared to Rs 6,432.9 crore in the fourth quarter of 2008-09.

For the fiscal ended March 31, 2010, the company's net profit zoomed 105% at Rs 2,497.6 crore as against 1,218.7 crore in 2008-09, whereas its total income increased by 42% to 29,623 crore from Rs 20,852.5 crore in 2008-09.

The company's total sales surged 28.5% to 1,018,365 units as compared to 792,167 units in the corresponding period.

The company's board also anounced a dividend of 120% a share on a face value of Rs 5 each for 2009-10.

Maruti Suzuki is betting big on the A2 sector, which is the major contributor to the total passenger car sales in India. (With Inputs from Agencies)