Stock market analysts have maintained 'buy' rating on Hindustan Copper Ltd with an intraday target of Rs 335.

According to them, interested traders can purchase the stock above Rs 332 with a strict stop loss of Rs 327. If the stock markets remain on the positive path then the stock price will hit a target above Rs 338.

Shares of the company, on Wednesday (Nov 11), closed at Rs 320.35 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 338 and a low of Rs 70.20 on BSE.

Hindustan Copper recorded a steep fall in its standalone net profit for the three month period ended Sept 30.

During the period under review, the company's profit dropped 21.37% to INR 144.60 million as against INR 183.90 million during the corresponding period of the last year.

The company's net sales during the period fell 28.43% to INR 2,399 million, whereas total income plunged 29.08% to INR 2,487.70 million.

During the quarter, the company recorded earnings of INR 0.16 a share, showing 33.33% fall over prior year period.

During last month, mines minister B K Handique announced that the administration is considering divesting its equity stake in copper maker Hindustan Copper.

On this, the company's CMD M Samajpati stated that the company's board is expected to come out with the offer by the next two months.