Technical analyst Lalit Thakkar of Angel Broking maintained 'buy' rating on IVRCL Infrastructure & Projects Limited stock.

According to analyst, the investors can buy the stock for 35-40% returns from existing levels.

Today, the stock of the company opened at Rs 70.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 194.40 and a low of Rs 63 on BSE.

Current EPS & P/E ratio stood at 6.70 and 10.69 respectively.

IVRCL Infrastructure announced that its net profit for the three month period ended December 2010 stood at Rs 422.9 million as against Rs 426.5 million during the same period last year.

During the said period, the total income of the company surged 14.48% y-o-y to Rs 14.18 billion.

IVRCL Infra's Earnings Before Interest Taxes Depreciation and Amortization (EBITDA) margins grew by 98 basis points on year.

IVRCL Infrastructures & Projects functions in the infrastructure segments of water and environment, transportation, construction and industrial structures as well as power.