Stock market analyst Gaurang Shah of Geojit BNP Paribas has maintained 'buy' rating on Shiv-Vani Oil and Gas Exploration Services Limited stock to achieve a target of Rs 513.

Mr. Shah also said that the stock of the company can attain the said target within a period of 12 months.

Today, the stock of the company opened at Rs 405 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 496 and a low of Rs 315 on BSE.

Shiv-Vani Oil and Gas Exploration Services reported loss for the three month period ended September 2010.

During July-September quarter, Shiv-Vani Oil and Gas registered loss of Rs 78.16 million as against a profit of Rs 216.68 million during the corresponding period of 2009.

Net sales for July-September quarter dropped 6.32% to Rs 2,471 million.

Company's total income during the quarter declined marginally 3.34% to Rs 2,563.73 million as against the prior year period.

Shiv-Vani Oil and Gas recorded loss of Rs 1.69 per share in the three month period ended September 30 as compared with earnings per share of Rs 4.94 in like period of 2009.