Stock market analysts are of the view that investors can buy BOC India Ltd stock to achieve an intraday target between Rs 178-183.

According to them, investors can buy the stock around Rs 175-176 with a strict stop loss of Rs 172.

Shares of the company, on Wednesday (Nov 18), closed at Rs 177.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 190 and a low of Rs 105.10 on BSE.

Current EPS & P/E ratio of the stock stood at 4.71 & 36.74.

BOC India has won four gas supply deals from Photo-voltaic manufacturers for supply of gas.

The four companies, which have placed orders, are Solar Semiconductor, Moser Baer, Euro Multivision and Indo Solar.

BOC India, during Oct 2009, entered into a long-term deal with Tata Steel for supply of more than 4,000 tons daily of gaseous oxygen, nitrogen and argon in order to meet up the demand coming from a 3 million tons per year growth programme of their steel manufacturing capability that is in progress at Jamshedpur.

For this, the company said that it will commission a 2,550 tpd ASU at the steel works of Tata Steel, Jamshedpur.

Under the contract, BOC India will purchase and manage three ASUs possessed by Tata Steel for supplying gases to their Jamshedpur works.