Buy Escorts With Stop Loss Of Rs 110

Buy Escorts With Stop Loss Of Rs 110Technical analyst Rakesh Bansal of New Age Wealth has maintained 'buy' rating on Escorts Limited stock with a target of Rs 148.

According to analyst, the investors can buy the stock with a stop loss of Rs 110.

Mr. Bansal said that the said target can be achieved within 4-5 trading sessions.

The stock of the company, on March 03, closed at Rs 122.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 245.95 and a low of Rs 102 on BSE.

Current EPS & P/E ratio stood at 12.03 and 10.24 respectively.

Escorts registered a slight growth in its standalone net profit for the three month period ended December 2010.

During the said period, the company's profit surged 8.93% to Rs 254.91 million as against Rs 234.00 million during the corresponding quarter of 2009.

Company's net sales for the three month period grew by 37.91% to Rs 8,277.82 million.

The company's total income for the three month period ended December 2010 rose 37.91% to Rs 8,277.82 million as compared with the prior year period.

Escorts recorded an EPS of Rs 2.49 during the quarter, recording 1.19% decline over prior year period.