Technical analyst Ashutosh Sarna maintained 'buy' rating on Bajaj Auto Limited stock with a target of Rs 1215.

According to analyst, the stock can be bought at Rs 1185 with a stop loss of Rs 1157.

Mr. Sarna said that the said target can be attained within a period of 1-2 days.

The stock of the company, on February 03, closed at Rs 11.95.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1472 and a low of Rs 1009.55 on BSE.

Current EPS & P/E ratio stood at 93.08 and 12.87 respectively.

Cairn Energy Plc is shortly projected to ask the administration to utilize portion of its profits from the oil manufacturing in the state of Rajasthan to recompense publicly owned ONGC, which foots the complete royalty charge on the oil production regardless of having only 30% equity stake in the project.

Oil and gas firm, Oil & Natural Gas Corp (ONGC) registered a over two-fold increase in its net profit, which stood at Rs 7,083 crore (US$1.54 billion) for October-December 2010 as it bagged a one time settlement charge on natural gas dues. In the corresponding period of 2009, ONGC's had recorded a net profit of Rs 3,054 crore.

ONGC during the third quarter pocketed Rs 1,900 crore from the gas bill accounts on past dues.

In addition, the company's profit remained up as the company's net realization on crude sale stood 12.3% higher to $64.79 a barrel.

ONGC also bagged over double price for the natural gas produces at $4.2 per million British thermal unit.