Stock market analyst Rajesh Gupta of Fairwealth Securities has maintained 'buy' rating on First Leasing Company Of India Ltd stock to achieve a target that lies between Rs 74-75.4.

According to analyst, the interested investors can buy the stock around Rs 71.8 with strict stop loss of Rs 70.4.

The stock of the company, on August 30, closed at Rs 71.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 82.90 and a low of Rs 45.10 on BSE.

First Leasing Company Of India has announced a marginal growth in its standalone net profit for the three month period ended June 2010.

During April-June quarter, the company's profit climbed 4.76% to Rs 89.41 million as against Rs 85.35 million during the same period of last year (Apr-Jun 2009).

Net sales during the three month period dropped 8.64% to Rs 385 million from last year.

The company total income for the quarter declined by 8.44% to Rs 392.22 million as against the prior year period.

First Leasing Company of India Limited is involved in financial actions like offering lease help, hire purchase financing as well as loans. The main activity of the company is business financing.

The different product categories of First Leasing Company of India Ltd comprise temporary lease, long-standing lease, operating lease, sale and leaseback, hire-purchase, fixed deposit consumer credit and inter-corporate deposit.