Technical analyst Salil Sharma has maintained 'buy' rating on Hindustan Unilever Limited stock with stop loss of Rs 297.

According to analyst, the investors can buy the stock with a target of Rs 312.

The stock of the company, on November 15, closed at Rs 302.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 320.70 and a low of Rs 219 on BSE.

Current EPS & P/E ratio stood at 9.31 and 32.40 respectively.

Consumer goods major Hindustan Unilever Ltd (HUL) has recorded net profit of 34.8%, which stood at Rs 566 crore for July-September 2010 as against Rs 420 crore in the same period of 2010, on a year-on-year basis.

For the three month period ended September 2010, the company's profit after tax (PAT) was Rs 566.1 crore as compared to Rs 428.5 crore.

The net sales of the company increased by 10.7% during the three month period, driven by a sturdy underlying volume growth of 14% in the country's consumer biz.

The revenue witnessed a surge of around 12% for the period under review, at R4,764.7 crore as against R4,629.2 crore for the corresponding period of 2009.

HUL's Indian biz registered volume growth of 14% whereas the home and personal care section increased by 9% with a uniform expansion across the portfolio.