Technical analyst Prabir Kumar Sarkar of SPA Securities has maintained 'buy' rating on Uflex Limited stock with targets of Rs 192 and 196.

According to analyst, the investors can buy the stock with a stop loss of Rs 184.80.

The stock of the company, on May 04, closed at Rs 186.15 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 96.34 and 1.96 respectively.

The share price has seen a 52-week high of Rs 325 and a low of Rs 108.80 on BSE.

Uflex registered an over three-fold growth in its net profit, which stood at Rs 695 crore for the financial ended on March 31, 2011.

The company said it recorded such increase owing to heavy demand plus growing manufacturing capacitances across its facilities in Egypt, Mexico, Dubai and India.

During the year ended on March 31, 2010, the company registered a net profit of Rs 190 crore.

For the period under review, the company registered an increase of 47% in its net revenue to Rs 3,410 crore as against Rs 2,314 crore in the previous.

During the period, the net profit of the company remained at Rs 181 crore as compared to Rs 48 crore for the same period last year.

Uflex's revenue for January-March quarter remained at Rs 947 crore as compared to Rs 679 crore for the same quarter last year.