Stock market analyst Rajesh Gupta of Fairwealth Securities has maintained 'buy' rating on Jay Shree Tea & Ind Ltd stock with a target of Rs 181.

According to analyst, the interested investors can buy the stock around 174.5-176.5 with strict stop loss of Rs 172.

Mr. Gupta added that the investors can also hold the stock to achieve a medium term target of Rs 225. The stock will take around 6 months to hit this target.

The stock of the company, on Sep 09, closed at Rs 175.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 208.70 and a low of Rs 116 on BSE.

Jayshree Tea & Industries (JTIL) is making attempts to get hold of tea estates in Rwanda.

JTIL will take part in tea estates auctioning, which is expected to be inaugurated by the Rwanda Tea Authority soon.

The Rwandan administration is eyeing to privatize its tea estates with the aim to raise the yield as well as quality of tea.

JTIL forayed into the African market in the start of FY11 and had grabbed tea firms.

Moreover, it also bought 100% stake in Uganda-based Kijura Tea via its investment division, Birla Holdings, Dubai.

Jay Shree Tea & Industries Ltd is involved in the production and sale of tea, and chemicals and fertilizers in the Indian as well as abroad market.