Technical analyst Anil Manghnani of Modern Shares and Stockbrokers has maintained 'hold' rating on Tata Steel Limited stock with a medium-term perspective.

According to analyst, the investors can hold the stock with a stop loss of Rs 570.

The stock of the company, on November 24, closed at Rs 603.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 737 and a low of Rs 448.65 on BSE.

Current EPS & P/E ratio stood at 80.87 and 7.42 respectively.

Tata Steel has recorded a consolidated net profit of Rs 19,788.1 million for the three month period ended Sep 2010 as against a loss of Rs 27,072.5 million in the same quarter of 2009.

The company's consolidated net sales rose 11.16% to Rs 280,909 million for the period under review as compared to Rs 252,698 million for the same period of last year.

The world's No 7 steel manufacturer is eyeing further acquirements as it raises capacitance to meet growing demand in India as well as overseas.

"Our portfolio will have a balanced mix of greenfield and acquisition," Indronil Sengupta, chief executive for Southeast Asia projects at Tata Steel stated.