Stock market analyst Hitesh Chotalia has maintained 'buy' rating on ITC Limited stock with a target of Rs 185.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 168.

The stock of the company, on Oct 06, closed at Rs 173.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 184.70 and a low of Rs 116.62 on BSE.

Current EPS & P/E ratio stood at 5.57 and 31.13 respectively.

ITC declared that it was open to talks with EIH for a possible collaboration in the coming time.

ITC Chairman Yogi C. Deveshwar stated that the company held discussions with the hospitality major before RIL's made entry with a 14.7% stake buy.

For the three month period ended June 2010, ITC registered an increase of 21.81% in its net PAT, which stood at Rs 10,703.10 million as against Rs 8787 million during the same period of last year (April-June 2009).

The total income of the company grew by 15.41% to Rs 49,458.20 million for the three month period as compared to Rs 42,853.90 million for the three month period ended June 30, 2009.

ITC has diversified presence in cigs, hospitality, specialty papers, packaging, paperboards, agri biz etc.