Stock market analysts have maintained 'buy' rating on Pratibha Industries Ltd with an intraday target of Rs 301.

According to them, interested traders can purchase the stock above Rs 298 with a strict stop loss of Rs 290.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 310.

Shares of the company, on Tuesday (Nov 24), closed at Rs 296.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 276.85 and a low of Rs 47.40 on BSE.

Current EPS & P/E ratio of the stock stood at 28.10 & 10.94 respectively.

Pratibha Industries, on Nov 24, has pocketed a deal for comprehensive water supply system to Guledgudda town and enroute villages of Bagaikot region with Almatti reservoir as source.

The order from Karnataka Urban water supply and drainage board is valued at Rs 303.7 million.

The order is to be finished by the next 20 months.

Pratibha Ind, on Nov 23, has stated that it has received an agreement for procurance, fabrication and placing of clear water main from Vajarahalli to HBR on the east of Bangalore.

The order has been received from Bangalore Water Supply & Sewerage Board.

The project priced at Rs 3.09 billion is in affiliation with Gammon India.

Funded by Japan Bank for International Coop, the deal is expected to be completed in 26 months.