Technical analyst Alpesh Furiya has maintained 'buy' rating on Tata Steel Ltd stock with a stop loss of Rs 570.

According to analyst, the investors can buy the stock with a target of Rs 630.

Today, the stock of the company opened at Rs 586.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 737 and a low of Rs 448.65 on BSE.

Current EPS & P/E ratio stood at 80.87 and 7.49 respectively.

Country's largest maker of the alloy Tata Steel Ltd has decided to make an investment of $2 million in a steel-plate processing plant in the United Kingdom to make materials utilized in wind turbines.

The novel facility in Scunthorpe will process and distribute around 200,000 metric tons on an annual basis of steel plate for delivery to makers of wind turbines and towers.

Moreover, Tata Steel is eyeing further acquirements as it strengthens capacitance to meet up rising demand in the country as well as abroad.

Indronil Sengupta, chief executive for Southeast Asia projects at Tata Steel stated, "Our portfolio will have a balanced mix of greenfield and acquisition. Right now, we have Europe, Southeast Asia and South Asia and in terms of new operations, we're constantly looking into countries in terms of steelmaking and in terms of raw materials."

The company has a worldwide capacity of approximately 30 million tonne, two-thirds of which come from its European division Corus, a quarter from its developing Indian processes and the remaining from divisions and JVs in Thailand, Singapore, Vietnam and the Philippines.