Technical analyst Anil Singhvi has maintained 'buy' rating on Indraprastha Gas Limited (IGL) stock with an intra-day target of Rs 345.

According to analyst, the investors can purchase the stock with a stop loss of Rs 326.

The stock of the company, on January 13, closed at Rs 329.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 374 and a low of Rs 194 on BSE.

Current EPS & P/E ratio stood at 17.30 and 19.21 respectively.

Close on the heels of 4.5% increase in CNG rates, Indraprastha Gas Ltd said that it may lift up prices by another Rs 4 per kg in 2011, as IGL is pushed to get hold of costly imported LNG in the absence of allotment from domestic arenas.

During the month, IGL Ltd lifted CNG rates in Delhi by Rs 1.25 per kg to Rs 29 per kg and piped cooking gas to Rs 26 per cubic meter, as it purchased more of imported LNG to meet up the growing demand from all sides.

For the three month period ended December 2010, Indraprastha Gas has registered an increase of 14.02% in its net PAT, which stood at Rs 671.916 million as against Rs 589.322 million for the three month period ended December 2009.

The company's total Income surged 57.90% to Rs 4,577.629 million for the three month period under review from Rs 2,899.001 million for the corresponding period of 2009.