Technical analyst Kunal Saraogi has maintained 'buy' rating on IFCI Limited stock with stop loss of Rs 75.

According to analyst, the interested investors can buy the stock on declines to achieve a target of Rs 83.

The stock of the company, on Nov 08, closed at Rs 77.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 77.75 and a low of Rs 46.70 on BSE.

Current EPS & P/E ratio stood at 9.18 and 8.54 respectively.

IFCI has registered an increase of 6.2%in its net profit, which stood at Rs 202.3 crore during July-September period.

The company's PAT during the corresponding period of 2009 stood at Rs 190.4 crore.

For the three month period ended September 30, financial institution posted a surge of 48% in its total income at Rs 621.3 crore as against Rs 418.4 crore in the same period of last year.

Sanctions during the first six months of 2010 increased 208% to Rs 8,518 crore as compared to Rs 2,766 crore during the same period of 2009.

The growth in disbursements surged at 75% at Rs 4,547 crore as compared to Rs 2,597 crore in July-Sep 2009.

Income from operations climbed up to Rs 1,110 crore from Rs 730 crore during the corresponding period a year ago.