Sell Maruti Suzuki With Stop Loss Of Rs 1376

Sell Maruti Suzuki  With Stop Loss Of Rs 1376Stock market analyst D Prasad has maintained 'sell' rating on Maruti Suzuki Ltd stock to achieve a target of Rs 1290 in 3-4 days.

According to analyst, the investors can sell the stock with stop loss of Rs 1376.

Today, the stock opened at Rs 1358.50 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 86.45 and 15.64 respectively.

The share price has seen a 52-week high of Rs 1740 and a low of Rs 1186.30 on BSE.

Maruti Suzuki is ready to roll out the potent K Series engine powered Alto by August 2010.

Aside from the superior engine, the novel Alto K10 is said to be large as compared to the company's own B segment cars.

The company will introduce Alto K10 in two editions, the Lxi and the Vxi, which will cost between Rs 2.8 lakh to Rs 3.4 lakh.

Besides, Maruti Suzuki announced a small increase in sales during the last month, surging 17.3% to 88,091 units, owing to a planned six-day closedown for maintenance activities and typical lethargic sales witnessed in the monsoon season.

The company's monthly sales grew by 28%in May to 102,175 units. In June 2009, Maruti had sold 75,109 vehicles.