Stock market analyst Hitesh Chotalia has maintained 'buy' rating on Reliance Natural Resources Ltd (RNRL) stock with target of Rs 77.

According to analyst, the investors can buy the stock with stop loss of Rs 61.

The stock of the company, on June 25, closed at Rs 65.95 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 93.20 and a low of Rs 43.75 on BSE.

Current EPS & P/E ratio stood at 0.45 and 149 respectively.

RIL and RNRL have signed up a new gas supply contract on June 25, as directed by the Supreme Court.

Both companies have not revealed the details related to the deal that has been reportedly forwarded to the Petroleum Ministry.

But, rumor is that RIL will supply 28 million mmscmd to RNRL for 17 years at the cost of $4.2 per million mBtu, which is fixed by the administration.

The Anil Ambani-promoted company stated, "RNRL will now take appropriate steps requesting the Government of India for expeditious allocation of natural gas to facilitate implementation of the same."

With the gas supply transaction in place, the ADAG Group will now accelerate its power generation projects.

It may take around 36-60 months for making a gas-based generating capability of 8,400 MW, comprising its subsisting projects and the forthcoming one in Dadri, Uttar Pradesh.