Stock market analysts have maintained 'buy' rating on Pratibha Industries Ltd with an intraday target of Rs 270.

According to them, interested traders can purchase the stock above Rs 265 with a strict stop loss of Rs 256.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 280.

Shares of the company, on Friday (Nov 20), closed at Rs 262.30 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 263.40 and a low of Rs 47.40 on BSE.

Current EPS & P/E ratio of the stock stood at 28.10 & 9.65 respectively.

Pratibha Ind has declared that it has bagged a deal for procurement, manufacture and placing of clear water main from Vajarahalli to HBR on the east of Bangalore from Bangalore Water Supply & Sewerage Board.

The project valued at Rs 3.09 billion is in partnership with Gammon India.

Funded by Japan Bank for International Coop, the project is likely to be finished in 26 months.

On Nov 19, the company pocketed a deal related to water supply works for Mauda Super Thermal Power Project of National Thermal Power Corporation (NTPC).

The order, which is valued at Rs 58.85 crore, is likely to be completed by the next 21 months.

Kotak Mahindra (UK), on Nov 19, sold 0.60 per cent equity stake in Pratibha Industries for Rs 24.66 million.

Kotak Mahindra sold 100,000 shares @ Rs 246.55 per share at NSE. The company purchased shares through its account Premier Investment Fund.