Stock market analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Escorts Ltd stock with target of Rs 230.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 210.

Mr. Zaveri added that the stock will attain the said target in a period of one week.

The stock of the company, on Sep 03, marked its closure at Rs 215.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 217.30 and a low of Rs 72.35 on BSE.

Current EPS & P/E ratio stood at 18.44 and 11.66 respectively.

According to Amol Bhutada, an auto analyst, Elara Capital, stated that the leading engineering equipment maker will grow at 10-12% by 2012 along the lines of the industry.

While talking to media people, Mr. Rajan Nanda, CMD of Escorts, stated that the company has no immediate plans to roll out an initial public offering (IPO) for its construction equipment biz.

Escorts Limited operates in different segments including agricultural equipment, building and material handling tools, railway equipment plus automobile parts.

It makes and sells various construction as well as material handling tools like cranes, forklifts, vibratory rollers and loaders.

The company is a maker of auto suspension products, which consists of struts, shock absorbers and telescopic front forks.