Technical analyst D Prasad has maintained 'buy' rating on Hitachi Home and Life Solutions (India) Limited stock with an intraday target of Rs 242.

Mr. Prasad said that the investors can buy the stock above Rs 206 with a stop loss of Rs 193

The analyst said that the said target can be achieved in 7 to 8 trading sessions.

The shares of the company, on March 14, closed at Rs 204.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 402 and a low of Rs 174 on BSE.

Current EPS & P/E ratio stood at 12.98 and 15.76 respectively.

Hitachi Home & Life Solutions (India) Ltd, a division of Hitachi Appliances Inc, Japan, is listed on both the bourses Bombay Stock Exchange & National Stock Exchange. Since its commencement, HHLI has concentrated on formulating and providing first-class products as well as technology, which contribute to the total success of the society.

HHLI makes different types of products compriising Room ACs and Commercial ACs, and are into business of VRF Systems, rooftops, chillers, and fridges.

Headquartered in Ahemdabad, HHLI's construction plant at Kadi, Gujarat, is among the ten Hitachi air-conditioner plants worldwide.

With an overall annual installed capacitance of 400,000 units, the company is amidst the best air-conditioning companies in the country.