Stock market analyst Anil Singhvi has maintained 'buy' rating on Liberty Shoes Ltd stock with an intra-day target of Rs 128.

According to analyst, the stock can be purchased with a stop loss of Rs 116.

The stock of the company, on Nov 22, closed at Rs 118.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 134.90 and a low of Rs 89.60 on BSE.

Liberty Shoes has declared the results for the three month period ended September 30.

The company's net profit during the second quarter stood at Rs 3.4 crore as compared to Rs 3 crore during the same period of 2009.

Liberty Shoes said that its net sales remained at Rs 69.8 crore as against Rs 62.8 crore in the like period of last year.

The total income of the company for the second quarter grew by 11.23% to Rs 698.47 million as against the prior year period.

During the period under review, the company reported an EPS of Rs 2.01.

Liberty Shoes Ltd is involved in footwear fabrication as well as sales.

It makes around 50,000 pairs of footwear on a daily basis. It offers up a product range, which covers up each and every age bracket. (IANS)