Technical analyst Simi Bhaumik has maintained 'buy' rating on Maruti Suzuki India Limited stock with an intraday target of Rs 1229.

The analyst said that the investors can buy the stock with a stop loss of Rs 1188.

The shares of the company, on March 28, closed at Rs 1201.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1599.90 and a low of Rs 1136 on BSE.

Current EPS & P/E ratio stood at 79.10 and 15.41 respectively.

Maruti Suzuki India inked a MoU with the Society of Automotive Engineers to endorse India's young talent in devising and manufacturing Formula-1 style sports cars.

Mr. Shashank Srivastava MSI's Chief General Manager (Marketing) said, "Maruti Suzuki has constantly acclimatized its products and services in tune with the changing needs and aspirations of our younger consumers, for whom we make youthful and energetic cars, while not compromising on the value of fuel efficiency. This initiative with SAE India helps to reinforce Maruti Suzuki's strong connections with the youth."

The company, on March 15, launched its ten millionth car, a metallic breeze blue coloured WagonR VXi, from its Gurgaon facility.

With this landmark success, The company turned the only Indian car firm, which makes its foray in the select club of auto makers all over the world which have crossed this target.