Technical analyst Krunal Dayma has maintained 'buy' rating on Hindustan Zinc Limited stock to achieve a target of Rs 1460.

According to analyst, the stock can be purchased with a stop loss of Rs 1255.

The analyst added that the investors need to hold the stock for a period of 2-months to attain the said target.

The stock of the company, on December 30, closed at Rs 1154.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1174.50 and a low of Rs 700 on BSE.

Current EPS & P/E ratio stood at 40.36 and 28.75 respectively.

As per fresh reports, the company has slashed zinc rates by Rs 600 to Rs 1.19 Lk/t and lead rates by Rs 900 to Rs 1.28 Lk/t.

The company is eyeing to import 200,000 tonnes of steam coal between the next two months.

According to the tender, Hindustan Zinc aspires to purchase coal from Colombia, South Africa or Indonesia.

Hindustan Zinc registered an increase of 2.27% in its net profit to Rs 11.72 billion for July-September quarter of 2010 as against a net profit of Rs 11.46 billion for the same perod of last year.

Total income of the company surged 21.32% to Rs 21.45 billion for the period under review as against Rs 17.67 billion during the same quarter of 2009.