Stock market analyst Mitesh Thacker has maintained 'buy' rating on Housing Development and Infrastructure Ltd (HDIL) stock to achieve a target that lies between Rs 272-278.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 252.

Mr. Thacher also said that the investors can achieve the said target in 2-3 trading sessions.

The stock of the company, on Sep 01, closed at Rs 259.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 410.80 and a low of Rs 205.05 on BSE.

Current EPS & P/E ratio stood at 20.16 and 12.97 respectively.

Top realty company HDIL, on Aug 27, announced that its has framed up new plans to make entry in the profitable south Mumbai market by rolling out around five projects there by March 2011.

The company has queued up 5 projects in the region with 8-10-million square feet of built-up space for its launch by the coming year.

Moreover, HDIL is also on the brink of sealing various redevelopment projects.

The company has also decided to roll out more residential projects in the Indian market in coming financial years.

In 2010-11, HDIL would introduce 4-6 million square feet of residential projects.

In April-June quarter, the company made a net profit of Rs 2.34 billion as against a net profit of Rs 1.07 billion during the same period of last year.