Stock market analyst Ashwani Gujral is of the view that investors can buy Jay Shree Tea & Industries Limited stock to achieve a target of Rs 360.

According to analyst, the investors can buy the stock with strict stop loss of Rs 285.

Today, the shares of the company opened at Rs 301.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 417.40 and a low of Rs 168.25 on BSE.

Jay Shree Tea & Industries Ltd is eyeing acquisitions of tea properties out of the country.

Mr. B. K. Birla, Chairman of the company, stated, "We cannot expand in India because there are no good tea estates up for sale."

The recent acquirements of tea gardens in East Africa, he indicated, had been at a levelheaded cost.

Referring to the entry into sugar biz, Mr. Birla stated that the acquirement of 100% stake in M. P Chini Industries Ltd for around Rs 112 crore should prove to be good in the long term.

Mr. Birla granted that the performance during the last fiscal year was much better as compared during the previous year, but rejected bonus issue as demanded by stockholders, remarking that 91% of the share capital had been because of bonus issues in the past.