Stock market analyst Rajeev Agarwal of Dynamix Research has maintained 'buy' rating on Tata Steel stock with a target of Rs 630.

According to Mr. Agarwal, the stock can be purchased at Rs 620 with a stop loss of Rs 615.

The stock of the company, on November 15, closed at Rs 617.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 737 and a low of Rs 448.65 on BSE.

Current EPS & P/E ratio stood at 80.87 and 7.51 respectively.

Tata Steel, the world's seventh biggest steel firm, has posted a consolidated net profit of Rs 1,968 crore for the three month period ended September 30.

The company makes over 70% from its European biz, Corus, which it bought in the year 2007 worth $13 billion, and the rest from the Indian and other south-east Asian nations.

The company's net sales increased by 11% to Rs 28,091 crore as compared to Rs 25,276 crore in the same period of last year.

Other income witnessed a major growth to Rs 814 crore as against Rs 18 crore during September quarter of FY10.

Tata Steel's MD HM Nerurkar added that the country's biggest steel manufacturer anticipated seeing healthy demand from construction, infrastructure and auto segments by the coming quarters.

With the intention to meet the growing demand, it is strengthening its steel capacitance by three million tonnes in Jamshedpur.