Stock market analyst Ashwani Gujral has maintained ‘Buy’ rating on Moser Baer to achieve a short term target of Rs 100.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 74.

The shares of the company on Thursday (July 23) closed at Rs 86.65 on the Bombay Stock Exchange (BSE). The total volume of shares traded was 2,218,224 at the BSE.

The stock hit an intraday high of Rs 87.30 and a low of Rs 83.40 on BSE. The share price has seen a 52-week high of Rs 139.40 and a low of Rs 41.10 on BSE.

Moser Baer (India), on July 22, has declared that it has settled its licensing and patent clash with global electronics giant Philips.

According to the reports, the settlement will pave way for Moser Baer to continue as well as fortify its market control as the world’s top maker of optical media and storage products.

Both the companies entered into a confidential settlement contract ending series of arguments over recordable compact and digital video discs.

For the year ended March 31, 2009, Moser Baer India declared that the consolidated loss of the company has widened.

The company’s consolidated loss stood at Rs 3,637.50 million as compared to Rs 2,022.80 million during the same period of the last year.

Under the period under review, the consolidated total income was at Rs 26,750.40 million, an increase of 22.95% over the prior period.