Bangalore: Angel Broking is bullish on Maruti Suzuki India and has recommended buy rating on the stock with a target of 1550. According to Angel Broking, due to its widespread distribution network that includes 2,767 services and 681 sales outlets, Maruti Suzuki India has a competitive advantage over foreign entrants. Maruti Suzuki India is a passenger car company. The Company is engaged in the business of manufacturing, purchase and sale of motor vehicles and spare parts (automobiles). The other activities of the Company include facilitation of pre-owned car sales, fleet management and car financing. The Company is a subsidiary of Suzuki Motor Corporation, Japan. The Company's two manufacturing facilities are located at Gurgaon and Manesar, south of New Delhi. The Company's subsidiaries include Maruti Insurance Business Agency, Maruti Insurance Distribution Services, Maruti Insurance Agency Solutions, Maruti Insurance Agency Network and Maruti Insurance Agency Services. Angel Broking says, Maruti is trading at an EV/Sales of 0.7x FY2012E versus Tata Motors valuation of 0.6x, even though in case of Tata Motors, 2/3rds of the topline is from its global acquisition, Jaguar, where profitability is significantly lower than India. With the recommended price of 1550, if the stock is bought at Thursday's closing price of 1459.45, the percentage of gain would be 5.84 percent.