Stock market analyst Kunal Saraogi has maintained 'buy' rating on Indian Hotels Company Ltd stock with target of Rs 111.

According to analyst, the investors can buy the stock with stop loss of Rs 103.

The stock of the company, on June 24, closed at Rs 104.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 118.35 and a low of Rs 57 on BSE.

Current EPS & P/E ratio stood at 1.41 and 74.98 respectively.

For the full year FY10, Indian Hotels Ltd recorded a consolidated loss of Rs 1,369 million because of a decline in profitability of its hotels in the United States due to a slump and meager recital of some of its arms and JVs.

The Indian Hotels Company Limited (IHCL) and its arms are jointly named as Taj Hotels Resorts and Palaces and is recognized as one of Asia's majort and best hotel company.

Incorporated by the initiator of the Tata Group, Mr. Jamsetji N. Tata, the company launched its initial property, The Taj Mahal Palace Hotel, Bombay in the year 1903.

The Taj, a symbol of Indian hospitality, accomplished its 100th year in the year 2003.

Taj Hotels Resort and Palaces consists of over 60 hotels in 45 locations all over the country with an additional 15 international hotels in the Malaysia, United Kingdom, United States of America, Bhutan, Sri Lanka, Africa, the Middle East and Australia.

IHCL operate in the luxury, premium, mid-market and value sections of the market through Taj, Taj Exotica, Taj Safaris, Upper Upscale Hotels and The Gateway Hotel.