Technical analyst Rajesh Satpute has maintained 'buy' rating on Hindustan Zinc Limited stock with a target of Rs 138.

According to analyst, the investors can buy the stock with a stop loss of Rs 126.

The stock of the company, on May 05, closed at Rs 132.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 155.25 and a low of Rs 92.40 on BSE.

Current EPS & P/E ratio stood at 11.65 and 11.14 respectively.

Hindustan Zinc registered a 42.96% increase in its net profit, which stood at Rs 1,771.27 crore for the quarter ended March 31, 2011 on account of highest ever yield of sliver and zinc.

In the same period of 2010, the company had registered a net profit of Rs 1,238.99 crore.

Company's net sales grew by 27.95% in the quarter at Rs 3,197.02 crore as against Rs 2,498.47 crore on year-on-year basis.

During Jan-Mar period, the Vedanta Group firm's refined zinc production remained up by 29% at 1.94 lakh tonnes, whereas its silver fabrication stood at 50,000 kg.

For the financial year 2010-11, the company's net profit increased 21.25% at Rs 4,900.49 crore.

The company's net sales rose by 23.63% during the FY'11 at Rs 9,912.14 crore as against Rs 8,016.97 crore.

Hindustan Zinc Chairman Agnivesh Agarwal stated, "This year we have focused on enhancing the shareholder value by focusing on faster ramp ups, leading to improvement in growth and profitability. We continue to focus on enhancing value from silver and are committed to becoming a leading silver producer globally."

The company is also making plans to raise the lead and silver fabrication by the next few months as a lead smelter at Dariba, having a capacitance of 100 kilo tonnes annually, is likely to be licensed during the continuing quarter.