Stock market analysts have maintained 'buy' rating on Havells India Ltd with an intraday target of Rs 485.

According to them, interested traders can purchase the stock above Rs 480 with a strict stop loss of Rs 465.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 490.

Shares of the company, on Wednesday (Dec 16), closed at Rs 472.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 483.80 and a low of Rs 101 on BSE.

Current EPS & P/E ratio of the stock stood at 6.40 & 77.78 respectively.

During the three month period ended Sep 30, Havell's India has recorded a growth of 22.32% in its standalone net profit to Rs 542 million as compared to Rs 443.1 million during the same quarter of 2008.

The company's net sales during the quarter surged 1.89% to Rs 5,963.8 million.

It posted an EPS of Rs 9.01 per share during the quarter.

Havells India, which is an electrical and power distribution equipment company, works in the three main business sections that includes electrical consumer durables, switchgear, cables and wires.

It makes products such as energy meters, modular switches, CFL lamps, cables and wires, fans, industrial and domestic switchgear, luminaries and building circuit protection.