Mumbai, May 30 : Infrastructure firm IVRCL Limited Monday reported a 24.6 percent decrease in net profit for the fourth quarter ended March 31 at Rs. 64.25 crore against Rs. 85.25 crore during the like period of the previous fiscal.

The total income, however, rose 8.56 percent at Rs. 2,052.21 crore during the period under review against Rs. 1,890.41 crore during the same period of the previous financial year, the company said in a regulatory filing.

The company has also bagged orders worth Rs. 893.66 crore for execution of water, buildings, power and transportation works.

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 Infrastructures & Projects (IVRCL) announced that it has pocketed a Rs 750-crore road project in the state of Maharashtra.

Construction and Infrastructure major said that the order is for 4 laning and up-gradation of Karanji - Wani - Ghuggus - Chandrapur Road, Maharashtra State Highway- 6 & 7 in Yavatmal and Chandrapur region on DBFOT basis.

The state administration shall offer up a viability gap funding of Rs 2.32 billion.

As per reports, the said order is projected to be finished by the next 2 year.

Stock market analyst Pradeep Surekha has maintained 'buy' rating on IVRCL Infra Limited stock with a target of Rs 172.

According to analyst, the interested investors can buy the stock with stop loss of Rs 161.

The stock of the company, on Sep 21, closed at Rs 165.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 212.40 and a low of Rs 147.25 on BSE.

Current EPS & P/E ratio stood at 7.79 and 21.57 respectively.

IVRCL Infrastructures & Projects has declared its financial results for first quarter of the fiscal year 2010-11. As per the company, its net profit has gone down in the reviewed quarter of the current year as compared to its corresponding quarter in the previous year.

IVRCL Infrastructures & Projects has said that there has been a 21% decline in the net profit figure. The net profit of the firm was reported to be Rs 28.07 crore for the first quarter of the current year.  For the same period of time, the net profit was Rs 35.5 crore in the previous year.  

Technical Analyst Ashwani Gujral has maintained 'hold' rating on IVRCL Infrastructures & Projects Ltd stock with short term target.

According to analyst, the interested investors can exit near Rs 185.

Today, the shares of the company opened at Rs 164.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 212.40 and a low of Rs 144.50 on BSE. Current EPS and P/E ratio of the stock stood at 8.05 and 21.01 respectively.

Technical Analyst Nikita Surekha has maintained 'buy' rating on IVRCL Infrastructure & Projects Ltd stock to achieve an intraday target between Rs 161-162.

According to Surekha, interested traders can purchase the stock with a stop loss of Rs 150.

The shares of the company, on May 19, closed at Rs 155.35 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 212.40 and a low of Rs 115 on BSE.

Current EPS & P/E ratio stood at 7.85 and 20.31 respectively.

Technical Analyst Anil Singhvi has maintained 'sell' rating on IVRCL Infrastructure & Projects Ltd stock with a target of Rs 150.

According to Mr. Singhvi, interested traders can sell the stock with stop loss of Rs 170.50.

The shares of the company, on May 06, closed at Rs 164.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 212.40 and a low of Rs 74.50 on BSE.

Current EPS & P/E ratio stood at 7.85 and 20.95 respectively.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

Technical analyst Salil Sharma is of the view that investors can buy IVRCL Infrastructures & Projects stock for short term target of Rs 197.

According to Sharma, the investors will buy the stock at current levels with a stop loss of Rs 180.

Today, the shares of the company opened at Rs 178 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 212.40 and a low of Rs 74.50 on BSE.

Current EPS & P/E ratio stood at 7.85 and 23.03 respectively.

IVRCL Infrastructures & Projects Limited (IVRCL), in joint venture with Unity Infraprojects Ltd, bagged orders worth Rs 1145.88 crore from Brihan Mumbai Mahanagar Palika, Municipal Corporation of Brihan Mumbai (MCBM).

The order is for construction of tunnel from Kapurbawadi to Bhandup complex, construction of tunnel with tunnel boring machine (TBM) and RCC lining of 8.3 Km length from Kapurbawadi to Bhandup Complex.

Stock market analysts have maintained 'buy' rating on IVRCL Infrastructure & Projects Ltd with an intraday target of Rs 348.

According to them, interested traders can purchase the stock above Rs 343 with a strict stop loss of Rs 340. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 355.

IVRCL Infrastructure & Projects Ltd has informed that it has won two orders worth Rs 523.31 crore for infrastructure as well as construction related works.

Functionaries of IVRCL Infra stated in a communiqué that the first order of Rs 287 crore has been awarded by UP Jal Nigam for sewerage works in Allahabad.

Company's scope of work under the project comprises survey, construction and commissioning of sewerage works. It entails construction of 60 MLD sewerage treatment plant.

Hyderabad-based IVRCL Infrastructures & Projects has informed that the company has secured an order worth Rs 557 crore from the Government of Maharashtra.

The company bagged the first order worth Rs 400 crore from Government of Maharashtra for Four Laning of Baramati to Phaltan Road and Phaltan-Lonand to Shirwal Road in Pune and Satara District of Maharashtra State on DBFOT Basis.

Hyderabad-based IVRCL Infrastructures & Projects Limited (IVRCL) has secured five new orders worth Rs 597.81 crore.

The company has secured first order worth Rs 157 crore from Government of Bihar funded by Asian Development Bank (ADB) for improvement / up-gradation of Darbhanga-Kamtaul-Basaitha-Madhwapur Road (SH-75) length 47.00 Km. The project is expected to be completed in next 24 months.

IVRCL Infrastructure & Projects Ltd. has registered a decline of 17.33 per cent in its net profit, which dropped to Rs 35.10 crore for the quarter ended June 30, 2009 as compared to Rs 42.46 crore for the quarter ended June 30, 2008.

However, company's total income has increased from Rs 931 crore for the quarter ended June 30, 2008 to Rs 1089 crore for the quarter ended June 30, 2009.

IVRCL group stated in a communiqué that it achieved a turnover of Rs 1288 crore for the first quarter of 2009-10.

Hyderabad-based infrastructure major, IVRCL Infrastructures and Projects Limited, has notified that the Building, Power and Roads Divisions of the company have secured various orders worth Rs 432.36 crore.

The company stated in an official communiqué that its building division has bagged an order valued at Rs 144.56 crore from Mumbai-based Coastal Gujarat Power Limited for design and construction of all main civil works and complete structural works for external coal handling system for Mundra. The total completion period is 18 months.