Stock analysts have maintained 'Buy' rating on Bharati Shipyard stock to achieve an intra-day target of Rs 112.

According to them, interested day traders can buy the stock around Rs 98-100 with a stop loss at Rs 94.

Shares of the company, on Thursday (May 07), closed at Rs 95.30, up 9.3%, on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was
527,789.

Current EPS and P/E of the stock stood at 47.19 & 2.35 respectively. The share price has seen a 52-week high of Rs 533 and a low of Rs 44.55 on BSE.

Don't miss the opportunity to reap good returns in today's session as the stock has been performing well from the last few days.

There are reports that Bharati Shipyard Ltd (BSL) has acquired 14.89 per cent equity stake in Great Offshore.

For a consideration of Rs 174 crore, BSL has paid Rs 315 each for the 5.53 million shares.

The company acquired the stake via its wholly-owned arms including Natural Power Ventures and Dhanshree Properties.

On May 04, Bharati Shipyard announced that it posted a growth of 8.35% in its standalone net profit for the quarter ended March 2009. During the quarter, the company earned a profit of Rs 353.78 million, as against Rs 326.51 million in the same quarter last year.

During the quarter, the company's net sales for the quarter climbed 48.54% to Rs 3,065.96 million, whereas total income zoomed 48.26% to Rs 3,067.26 million.

The company recorded a growth of 8.36% in its EPS, which stood at Rs 12.83 a share during the quarter.

For the full year ended March 31, the company recorded a 20% increase in net profit from a year earlier at 1.30 billion rupees. Its revenue grew nearly 46% to Rs 9.34 billion during the period.

Bharati Shipyard Ltd. is considering more orders from India's defense segment in order to maintain its income growth.

Mumbai-based Bharati Shipyard builds cargo and container ships, tankers, dredgers, fishing boats, in addition to other vessels such as those for coastal patrolling.