Technical analyst Anil Singhvi has maintained 'buy' rating on Aban Offshore Limited stock to achieve intraday target of Rs 615.

According to analyst, the stock can be purchased with a stop loss of Rs 577.

The stock of the company, on March 4, closed at Rs 585.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1313.10 and a low of Rs 526 on BSE.

Current EPS & P/E ratio stood at 74.54 and 7.95 respectively.

Aban Offshore, which offers up offshore services to the oil segment, has entered into a JV deal with Venture Drilling AS for early redelivery of a drillship to its Russian owner.

Venture Drilling is an equivalent JV between Petrolia ASA and Aban's unit Sinvest AS.

It will obtain a sum of $138 million in cash that covers up the buy price for all instruments onboard.

On Feb 24, the drillship Valentin Shashin has been redelivered to proprietor Arktikmorneftegazrazvedka via an agreement.