Technical analyst Rakesh Bansal of New Age Wealth has maintained 'buy' rating on Escorts Limited stock with a target of Rs 148.

According to analyst, the investors can buy the stock with a stop loss of Rs 110.

Mr. Bansal said that the said target can be achieved within 4-5 trading sessions.

The stock of the company, on March 03, closed at Rs 122.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 245.95 and a low of Rs 102 on BSE.

Current EPS & P/E ratio stood at 12.03 and 10.24 respectively.

Escorts registered a slight growth in its standalone net profit for the three month period ended December 2010.

During the said period, the company's profit surged 8.93% to Rs 254.91 million as against Rs 234.00 million during the corresponding quarter of 2009.

Company's net sales for the three month period grew by 37.91% to Rs 8,277.82 million.

The company's total income for the three month period ended December 2010 rose 37.91% to Rs 8,277.82 million as compared with the prior year period.

Escorts recorded an EPS of Rs 2.49 during the quarter, recording 1.19% decline over prior year period.