Stock market analyst Anil Singhvi has maintained 'sell' rating on Bajaj Hindustan stock with intra-day target of Rs 105.

According to analyst, the investors can sell the stock with stop loss of Rs 115.

The analyst said that the stock may see more weakness, if it crosses Rs 103.

Today, the stock opened at Rs 112.50 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 12.98 and 8.75 respectively.

The share price has seen a 52-week high of Rs 242.90 and a low of Rs 101.05 on BSE.

Bajaj Hindusthan declared a phenomenon decline in standalone net profit for three month period ended March 2010.

During the period ended March 2010, the company's profit dropped 60.94% to Rs 317.90 million as compared to Rs 813.90 million in May 2009.

The company's net sales during the quarter surged 33.56% to Rs 5,674.40 million, whereas total income grew by 33.80% to Rs 5,684.80 million.

Moreover, Bajaj Hindusthan also declared that its board and Bajaj Hindusthan Sugar & Industries' board (BHSIL) collectively sanctioned the amalgamation of BHSIL with BHL, subject to all required approvals.