Karvy Stock Broking Limited has maintained ‘Buy’ rating on Titan stock with a short term target of Rs 469.

According to Karvy, interested investors can purchase the stock on declines with a strict stop loss of Rs 345.

The investors can achieve the target within a period of 3-4 months. The stock has been recommended after analyzing its last performances.

Shares of the company, today (May 2), opened at Rs 348 as compared to its last closure at Rs 342.65, on Wednesday on the Bombay Stock Exchange (BSE). Currently (at 12:55 pm) EPS and P/E ratio stood at 32.37 and 11.18 respectively. The share price has seen a 52-week high of Rs 466 and a low of Rs 181.8 on BSE.

At its meeting held on Apr. 30, 2008, the board of directors of Bank of India has proposed a final dividend of 40%.

The bank recorded a 69.19% growth in net profit to Rs 7570.40 million for the quarter ended March 2008 from a profit of Rs 4474.40 million for the quarter ended March 2007.

Interest earned rose 33.88% to Rs 35,016.10 million for the quarter ended March 2008 from Rs 26,153.90 million for the quarter ended March 2007.

Other stocks from the same sector that looks good for short term trading includes SBI, PNB, Bank of Baroda and Canara Bank.