Stock market analyst Ashwani Gujral has maintained 'buy' rating on India Cements Ltd stock with intra-day target of Rs 122.

According to analyst, the interested investors can buy the stock with stop loss of Rs 105.

Mr. Gujral said that the investors can achieve the said target in a period of two weeks.

Today, the stock of the company opened at Rs 112 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 145 a low of Rs 99.70 on BSE.

Current EPS & P/E ratio stood at 7.29 and 15.25 respectively.

The Bank of New York Mellon Corporation that holds assets worth $21.8 trillion has raised its equity stake in India Cements Ltd (ICL) to more than 10% as compared to 1% that it was possessing as of the quarter closed on June 30.

The New York-based asset management and security trading firm has purchased the equity stake on behalf of two of its customers Mellon Capital Management Corporation and Boston Company Asset Management.

BNY Mellon has raised its equity stake in ICL via creaping acquirement path between June quarter and late July.

Now, BNY Mellon's equity stake in the company is 10.07% as against 1.06% as against the period ended on June 30 this year.