Technical analyst Hitesh Chotalia has maintained 'buy' rating on Hindalco Industries Limited stock with a target of Rs 240.

According to analyst, the investors can purchase the stock with a stop loss of Rs 225.

The stock of the company, on February 01, closed at Rs 229.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 251.90 and a low of Rs 133.10 on BSE.

Current EPS & P/E ratio stood at 10.76 and 21.67 respectively.

Metals should be performing okay, because worldwide economic systems are showing signals of betterment and the international stock exchanges have been doing fine. Recentlt, there was an increase in copper rates, oil prices and other commodities. Metals will perform well.

Hindalco Industries Ltd declared with reference to previous declaration dated January 18, 2011 about Q3 outcomes on Feb 10, 2011, that a board meeting, is rescheduled to take place on February 12, 2011 to sanction the company's unaudited financial results (provisional) for the three month period ended on December 31, 2010 (Q3).