Technical analyst Ashutosh Sarna maintained 'buy' rating on Sesa Goa Limited stock with a target of Rs 345.

According to analyst, the stock can be purchased with a stop loss of Rs 328.

The stock of the company, on January 24, closed at Rs 330.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 494.30 and a low of Rs 290.70 on BSE.

Current EPS & P/E ratio stood at 37.73 and 8.76 respectively.

Iron ore miner Sesa Goa announced 39 per cent growth in its standalone net profit for the three month period ended December 2010.

The company standalone net profit for the period under review remained at Rs 843.92 crore on the back of higher sales.

The company, headed by NRI billionaire Anil Agarwal, reported 607.71 crore during the same period of 2009.

Company's total income grew to Rs 1,696.68 crore as compared to Rs 1,398.49 crore during the corresponding quarter last fiscal.

In the meantime, the company said that its Chairman S D Kulkarni has resigned from the company because of indifferent health owing to old age.

Now, the firm has roped in Mr. Ashok Kini, Former State Bank of India Managing Director, as its new director.