Stock market analyst Rajesh Gupta of Fairwealth Securities has maintained 'buy' rating on Suryalakshmi Cotton Mills Ltd stock with a target of Rs 111.5.

According to analyst, the interested investors can buy the stock around Rs 107.5-108.5 with a strict stop loss of Rs 106.5.

The analyst added that the medium term target for the stock will be Rs 140.5.

The stock of the company, on Sep 09, closed at Rs 107.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 110 and a low of Rs 23.70 on BSE.

Incorporated in 1962, Suryalakshmi Cotton Mills Ltd, which is an Indian company, is engaged in the manufacturing of cotton, polyester and blended yarns in its spinning segment situated at Amanagallu in the state of Andhra Pradesh and denim fabric at its Denim section at Village Nagardhan in Maharashtra.

Suryalakshmi Cotton Mills Ltd functions in two biz sections including denim and spinning.

Spinning consists of cotton yarn, combed yarn and P. V. yarn and Denim comprises denim fabrics.

Suryakiran International Ltd is the wholly owned division of Suryalakshmi Cotton Mills Ltd.