Stock market analysts are of the view that investors can buy Nilkamal Plastics Ltd stock to achieve an intraday target between Rs 202-210.

According to them, investors can buy the stock above Rs 199 with a strict stop loss of Rs 193.

Shares of the company, on Tuesday (Dec 22), closed at Rs 197.90 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 201.80 and a low of Rs 42.55 on BSE.

Nilkamal Ltd announced a phenomenal growth in its standalone net profit for the three month period ended September 2009.

During the period, the company's net profit surged 2.82 times to Rs 131.32 million as against Rs 46.62 million during the corresponding quarter of 2008.

The company's net sales during the period increased 7.93% to Rs 2,462.46 million, whereas total income ascended 8.06% to Rs 2,466.98 million.

The company recorded an EPS of Rs 10.27 per share during the three month period, registering 2.81 times increase over last year period.

During the period, the company's operating margin went up 171.42 basis points to 12.85% as against the previous year period.

Interest cost fell 41.43% to Rs 64.89 million whereas depreciation cost mounted 1.09% to Rs 80.14 million over previous year period.