Stock market analyst Krunal Daym has maintained 'buy' rating on Kingfisher Airlines Ltd stock with a target of Rs 61.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 54.70.

The stock of the company, on August 18, closed at Rs 130.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 67.40 and a low of Rs 39.70 on BSE.

Current EPS is -44.86.

In July 2010, Kingfisher kept hold of the highest market share as it carried 8.15 lakh riders during the month.

As part of its financial restructuring proposal to lessen arrears burden, Kingfisher Airlines will inculcate equity worth Rs 350 crore in 2010-11.

In addition to this, Kingfisher, which has unsecured loans and preference capital valued at Rs 395 crore from UB Group, will alter them into equity during the current financial year.

The airline said, "SBI caps have been mandated with the task of financial restructuring. The process is expected to be completed in 6-8 weeks' time period."