Stock market analysts have maintained 'buy' rating on Gwalior Chemical Industries Ltd with an intraday target above Rs 108.

According to them, interested traders can purchase the stock above Rs 105 with a strict stop loss of Rs 101. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 110.

Shares of the company, on Friday (Oct 23), closed at Rs 146.35 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 112.65 and a low of Rs 34.60 on BSE. Current EPS & P/E ratio stood at 10.54 and 10.15 respectively.

Gwalior Chemical Ind declared that a meeting of the company's directors will take place on Oct 30, 2009, inter alia, to consider and take the decision on distribution of dividend payout and/or share buyback.

The company's board will consider and take on record the financial outcomes for the three month period ended September, 2009.

The board will mull over suggestion to transform the company's registered office within the local limits of the city.

Gwalior Chemical Industries Limited is a top global manufacturer of specialty chemical products. At present, it runs 7 large chemical facilities spanning over two chemical plants situated at Nagda (Madhya Pradesh) and Ankleshwar (Gujarat) in India.