Stock market analyst Hemen Kapadia has maintained 'buy' rating on Omaxe Ltd stock with intra-day target of Rs 138.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 129.

The stock of the company, on August 18, closed at Rs 130.60 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 136.60 and a low of Rs 88.10 on BSE.

Current EPS & P/E ratio stood at 5.67 and 23.44 respectively.

Real estate developer Omaxe has announced an increase of 38.70% in its net profit, which stood at Rs 21.72 crore for three month period ended June 30.

Omaxe had a net profit of Rs 15.66 crore in the same period of the last financial year.

The company's net sales in the Apil-June quarter increased by over two-fold to Rs 252.93 crore as against Rs 118.91 crore in the corresponding period of last year.

Mr. Rohtas Goel, Omaxe Chairman and Managing Director stated, "I am pleased to inform that all our new launches have received significant response from the market and the result of the same shall be visible in our future profits."

But, Mr. Goel said that Omaxe margins remained under stress as the company is merely into reasonable housing with average realization being in the array of Rs 1,400-1,500 per sq ft.