Stock market analyst Kiran Jadhav is of the view that investors can hold Maruti Suzuki with target of Rs 1700 on crossing its resistance of Rs 1476.

According to analyst, the investors can buy the stock with strict stop loss of Rs 1190.

Today, the shares of the company opened at Rs 1365 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1740 and a low of Rs 1030 on BSE.

Current EPS & P/E ratio stood at 86.45 and 16.21 respectively.

With clients unwilling to wait long for a car they booked to purchase, Maruti Suzuki India Ltd commenced work on establishing vehicle stockyards in different parts of India to bring down the waiting time on its popular cars.

The first such stockyard will be established by the next six months in Bangalore, acquirement of land for which is already completed.

In May 2010, Maruti Suzuki India sold around 102,175 vehicles, an increase of 29.92% as against the same period of last year.

This comprises 12,134 units for export. The company sold around 79,872 vehicles during the same period last year.

For the first time, Maruti has sold more than 100,000 units in months.

Maruti Suzuki sold 90,041 units in India, up 27.20% over the prior year period.