Stock market analyst Ashwani Gujral has maintained 'buy' rating on Maruti Suzuki India Limited stock with a target of Rs 1550.

The strict stop loss for the stock is Rs 1400.

The stock of the company, on Sep 21, closed at Rs 1412.75 on the Bombay Stock Exchange (BSE).

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

Current EPS & P/E ratio stood at 82.35 and 17.57 respectively.

Maruti Suzuki is all set to foray into the diesel mid C-segment by 2010-11 end with the introduction of a diesel-powered SX4 sedan.

With a diesel-powered SX4 sedan, Maruti will now challenge other diesel sedans in the sector like the Ford Fiesta, Fiat Linea, Chevrolet Optra, Hyundai Verna and Volkswagen Vento.

At the Annual General Meeting on Sep 07, O Suzuki, Chairman and CEO, Suzuki Motor Corporation (SMC), Japan, (majority stakeholder in Maruti Suzuki India Ltd), stated that the company will invest around Rs 19.25 billion on the establishment of a third facility at Manesar.

The said investment will come through Maruti Suzuki's internal accruals.

The new facility to be constructed at Manesar will have a yearly production capacitance of 2.5 lakh units.