Technical analyst Sanjay Surekha has maintained 'buy' rating on ITC Limited stock with a target of Rs 190.

The analyst said that the stock can be purchased with a stop loss of Rs 160.

The stock of the company, on December 29, closed at Rs 174.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 184.70 and a low of Rs 116.62 on BSE.

Current EPS & P/E ratio stood at 5.88 and 29.90 respectively.

On December 23, cigarette makers ITC and Godfrey Phillips India (GPI) have re-started manufacturing after receiving instructions from the administration on what sort of pictorial admonitions should be exhibited on the cig packs.

GPI vice-president (marketing) Neeta Kapur stated that the company had re-started its production since Monday.

For the three month period ended September 30, ITC Ltd has registered an increase of 23.45% in its PAT, which stood at Rs 12,467.40 million as against a net profit of Rs 10,099.10 million during the same period of last year.

During the quarter under review, the company's total income grew by 17.85% to Rs 52,716.70 million as against Rs 44,733.90 million during the same period of 2009.