Stock market analysts have maintained 'buy' rating on Engineers India Ltd (EIL) with an intraday target of Rs 1530.

According to them, interested traders can purchase the stock around Rs 1500-1510 with a strict stop loss of Rs 1486.

If the bourses remain on the positive track, then the stock price will hit a target above Rs 1540.

Shares of the company, on Tuesday (Dec 22), closed at Rs 1510.25 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1559 and a low of Rs 405 on BSE.

Current EPS & P/E ratio of the stock stood at 76.07 & 19.47 respectively.

EIL was set up in the year 1965 to offer engineering and associated technical services for petroleum plants and other business projects.

Besides petroleum refineries, with which EIL commenced at first, it has branched out into and surpassed in other zones including pipelines, petrochemicals, oil and gas processing, offshore structures and platforms, fertilizers, metallurgy and power.

Presently, the company offers up a complete variety of project services in these areas and has came out as Asia's top design and engineering Company.

EIL's areas of activities comprise airdromes, highways & bridges, power, petrochem, ports, pipeline, petroleum refineries, oil and gas processing, renewable energy sources & intelligent constructions & Urban growth.