Stock market analyst Aashish Tater of Fort Share Broking has maintained 'buy' rating on Jay Shree Tea & Industries Limited stock with targets of Rs 220 and 240.

According to analyst, the stock can achieve the said target in a period of 8-10 trading sessions.

The stock of the company, on Nov 25, closed at Rs 65.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 210 and a low of Rs 116 on BSE.

Jay Shree Tea & Industries Limited is involved in the fabrication of tea, chemicals and fertilizers, tea warehousing in addition to investment activities.

The main biz of Jay Shree Tea & Industries Ltd is tea.

During the financial year ended March 2010, tea made around 88.20% of the company's total income. The other sections, chemicals and fertilizers made around 10.87% and others accounted for 0.93% of the overall turnover.

The company purchased 100% equity stake in M. P. Chini Industries, which has a sugar plant at Majhaulia in Bihar. The company's divisions comprise North Tukvar Tea Co. Ltd. and Birla Holdings Limited.

Jay Shree Tea & Industries announced a decline in its standalone net profit for the three month period ended September 2010.

During the quarter, the company's profit dropped 86.66% to Rs 442.40 million as against Rs 3,316.00 million in the corresponding period of 2009.