Technical analyst Anil Singhvi has maintained 'buy' rating on Tata Steel Limited stock with an intra-day target of Rs 630.

According to analyst, the investors can purchase the stock with a stop loss of Rs 595.

The stock of the company, on December 09, closed at Rs 604.30 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 7.56 respectively.

The company plans to lift up structural steel costs in the UK by 50 pounds per tonne effectual for all deliveries from January 2 next year.

An Environment Ministry's board has cleared to the company that its plan to establish a power facility in coal-bearing area of Jharkhand will not be sanctioned unless it is authorized by the coal department.

In its recent assembly, the EAC on environmental impact appraisal of thermal power and coal mine projects placed conditions including permission from the coal department for Tata group's company to estabish 2x80 MW captive coal-based thermal power facility in Jharkhand's Ramgarh region.

During the last month, Tata Steel stated that it will seek stockholders' permission to lift around Rs 7,000 crore to support its capital expenditure plans via the issuance of one or more kinds of securities.

"It is proposed to raise up to an amount of Rs 7,000 crore through issuance of one or more types of securities," the company said.