Technical analyst Rajesh Satpute has maintained 'buy' rating on Bhushan Steel Limited stock with a target of Rs 436.

Mr. Satpute said that the investors can buy the stock with a stop loss of Rs 415.

The stock of the company, on January 17, closed at Rs 414.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 545 and a low of Rs 254 on BSE.

Current EPS & P/E ratio stood at 43.94 and 9.52 respectively.

Bhushan Steel has recorded an increase of 36.93% in its net profit, which stood at Rs 2,590.20 million for the three month period ended September 2010.

The company had a net profit of Rs 1,891.60 million during the same period of 2009.

Company's total income surged 32.62% to Rs 17,305.10 million for the period ended September 2010 as compared to the total income of Rs 13,048.20 million for the three month period ended September 2009.

Bhushan Steel Limited is involved in the steel biz.

During the fiscal 2010, the company had made 804,231 million tons of cold-rolled steel coils/sheets/strips; 386,120 million tons of cold-rolled galvanized steel coils/sheets/strips; 76,393 million tons of color coated galvanized steel coils/sheets/strips in addition to 72,916 million tons of precision tubes.

The company's production facilities are established in Uttar Pradesh, Orissa and Maharashtra.