Stock market analyst Rajesh Gupta of Fairwealth Securities has maintained 'buy' rating on Orient Ceramics & Industries Ltd (OCIL) stock with a target of Rs 99.

According to analyst, the interested investors can buy the stock between Rs 95.5-96.5 with a strict stop loss of Rs 94.5.

The analyst also said that the investors can hold the stock to achieve a target of Rs 125 in a period of 6 months.

The stock of the company, on Sep 09, closed at Rs 96.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 99.60 and a low of Rs 42.10 on BSE.

Orient Ceramics and Industries Ltd has registered outstanding growth of 3.49 times at Rs 53.1 million for the three month period ended June 2010 as against Rs 15.2 million during the same period of last year (June 2009).

During the period under review, the company's gross sales grew by 14% at Rs 646.5 million as compared to the like period of 2009.

Moreover, Orient Ceramics is eyeing to make an investment of Rs 100 crore to strengthen its manufacturing capacitance for green field project in the state of Andhra Pradesh and also for joint venture deal.

Set up in 1977, Ceramics Ltd is the maker of vitrified, non-vitrified, ultra vitrified and third fired decorative tiles for walls, floors & facades.