Technical analyst Kunal Saraogi is bullish on Tata Chemicals Limited and has maintained 'hold' rating on the stock to achieve a target in the long term.

According to the analyst, the investors can hold the stock with a stop loss of Rs 303.

The stock of the company, on March 14, closed at Rs 324.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 446.30 and a low of Rs 301.75 on BSE.

Current EPS & P/E ratio stood at 16.59 and 19.23 respectively.

With the aim to reach out to individuals across geographies to meet up their basic requirement, Tata Chemicals has expanded its i-Shakti brand of salt to launch a variety of pulses.

After the flourishing introduction of i-Shakti Dals in Mumbai during December 2010, this range was rolled out in the National Capital Delhi on March 10.

i-Shakti pulses will be available in 4 popular forms comprising chana, toor, urad and moong (including green moong and green chilka).

The rates of pulses are affordable and they are priced between Rs 95 to Rs 105 for a one-kg pack and will be available in stock-keeping units of one kg, 500g as well as 250g.

Aside from the conventional kirana stores and advanced format food retail stores, the company will make use of its Tata Kisan Sansar outlets in addition to its subsisting substantial salt-distribution network to sell the i-Shakti Dals range across India.