Technical Analyst Sanjay Surekha has maintained 'buy' rating on Castrol India Ltd stock with target of Rs 407.

According to analyst, the investors can buy the stock with stop loss of Rs 370.

Today, the stock of the company opened at Rs 382 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 392.40 and a low of Rs 165 on BSE.

Current EPS & P/E ratio stood at 17.07 and 23.22 respectively.

Castrol India has registered a phenomenal growth in its standalone net profit for the three month period ended March 2010.

During the quarter ended March 2010, the company's profit grew by 53.60% to Rs 1,172.00 million as compared to Rs 763.00 million during the same period last year.

Net sales for the three month period surged 29.67% to Rs 6,560.00 million, whereas total income for the quarter increased by 28.85% to Rs 6,641.00 million.

Castrol recorded earnings of Rs 4.74 per share in the quarter, posting 23.18% fall over prior year period.