Stock market analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Cairn India Ltd stock with target of Rs 360.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 325.

The analyst said that the said target can be attained in a period of 10 days.

Today, the stock of the company opened at Rs 333 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 368 and a low of Rs 250.10 on BSE.

Current EPS & P/E ratio stood at 6.14 and 54.72 respectively.

Cairn Energy's Indian arm has nominated two independent directors to watch out the interests of minority stockholders in the company, which Vedanta Resources aims to purchase.

Vedanta is eyeing to get hold of a majority stake of 51% in Cairn India by purchasing scrips from Cairn Energy at Rs 405 each share.

Cairn Energy holds around 62.4% equity stake in Cairn India.