Stock market analysts have maintained 'buy' rating on Aegis Logistics Ltd with an intraday target of Rs 210.

According to them, interested traders can purchase the stock above Rs 204 with a strict stop loss of Rs 200.

If the bourses remain on the positive track, then the stock price will hit a target above Rs 215.

Shares of the company, on Tuesday (Dec 22), closed at Rs 205.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 218.40 and a low of Rs 51.85 on BSE.

Current EPS & P/E ratio of the stock stood at 13.08 & 15.18 respectively.

Aegis Logistics has bought Shell Gas (LPG) India and anticipates the complete acquirement process to be finished by the next three months, marking its foray into the cylinder market.

Mr. Raj Chandaria, Aegis Logistics Vice Chairman and Managing Director said, "We have taken over Shell Gas's LPG business."

Mr. Raj said that this acquirement will fortify the company's existence in the industrial as well as commercial sections plus allowing them to make entry into the cylinder market.

But, citing privacy clause, he refused to divulge the sum at which the acquirement is being accomplished.

"The acquisition is being funded through our internal resources-- we have ample liquid resources," Mr. Chandaria said.

After completion of the acquirement process, Shell Gas (LPG) India will turn a 100% division of Aegis Logistics.

Shell Gas has been principally active in Gujarat and Maharashtra and in a smaller manner in other areas.