Stock market analyst Dhaval P Vyas has maintained 'buy' rating on Sundram Fasteners Limited stock with a target of Rs 89.

The stock can be bought with stop loss of Rs 67.

Today, the stock of the company opened at Rs 71.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 74.90 and a low of Rs 44 on BSE.

Current EPS & P/E ratio stood at 4.37 and 16.71 respectively.

Sundram Fasteners declared a phenomenal growth in standalone net profit for the three month period ended September 2010.

During July-September period, the company's profit grew by 63.54% to Rs 308.60 million as compared to Rs 188.70 million during the same period of 2009.

Net sales for the period under review increased 40.40%to Rs 4,646.70 million.

The company's total income for the three month period climbed 40.38% to Rs 4,647.20 million as against the same period of last year.

Its EPS stood at Rs 1.47 per share during the quarter, recording 63.33% increase over prior year period.