Stock market analyst Ashwani Gujral has maintained 'Buy' rating on Chambal Fertilisers and Chemicals to achieve a target between Rs 135 - Rs 150 in the coming days.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 103.

Today (July 15), the shares of the company opened at Rs 113 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 19.85 & 5.95 respectively. The share price has seen a 52-week high of Rs 360 and a low of Rs 40.70 on BSE.

Mr. Gujral said that investors must buy the stock to make good returns.

Mumbai-based IT solutions and products company Rolta, in June 2009, repurchased foreign currency convertible bonds (FCCB) valued at $38.31 million.

The company announced the tender offer on June 22, which closed on June 25.

The company said that the offer was for repurchase of a total principal amount of its outstanding FCCBs of $150 million due in 2012.

Rolta said that it has accepted all tenders and got $38.31 million in face value of bonds having an accreted value $43.67 million (114 per cent).

The repurchase of bonds with a face value of $1,000 and an accreted value of around $1,140 got accepted at a clearing rate of $855 representing 25% discount on the accreted value.

The bonds have been repurchased at gross repurchase value of $32.75-million (85.5 per cent) resulting in a gain of $10.92-million (Rs 53.50-crore) which will be appropriated into the P&L and reserves and the same will be reflected in the financial statements for the year 2008-09 ending June 30, 2009, the release said.

The repurchase of bonds was funded out of internal accruals and external commercial borrowings (ECB) lifted by the company.