Stock market analysts are of the view that investors can buy Hindusthan National Glass & Industries Ltd (HNGIL) stock to achieve an intraday target of Rs 223.

According to them, investors can buy the stock above Rs 226 with a strict stop loss of Rs 223.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 235.

Shares of the company, on Thursday (Jan 28), closed at Rs 444.45 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 242.95 and a low of Rs 80 on BSE.

HNGIL registered a marginal growth in its standalone net profit for the three month period ended December 31, 2009.

During the period under review, the company's profit surged 6.54% to Rs 330.60 million as compared to Rs 310.30 million during the same period of 2008.

During the quarter, net sales of the company increased by 2.26% to Rs 3,577.40 million, whilst total income surged 1.69% to Rs 3,596.30 million.

It reported an EPS of Rs 3.79 per share during the quarter, recording 78.66% fall over prior year period.

The company, on Jan 19, announced that it is planning to establish a manufacturing facility in Andhra Pradesh.

The new plant will have a capacity of 450 tpd and manufacture flint glass to be utilized in the liquor, food and beverages industries.