Technical analyst Pankaj Jain of Satguru Capital has maintained 'hold' rating on GVK Power & Infrastructure Limited stock with a stop loss of Rs 24.50.

According to analyst, the investors can exit the stock at Rs 29.

The stock of the company, on March 04, closed at Rs 26.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 51.45 and a low of Rs 24.70 on BSE.

Current EPS & P/E ratio stood at 0.96 and 26.79 respectively.

GVK Power and Infrastructure (GVKPIL) has raised its holding stake in airport company Mumbai International Airport (MIAL).

GVKPIL, which runs Chhatrapati Shivaji International Airport (CSIA) in Mumbai, has lifted its equity share to 50.5% as against 37%.

The overall value of the agreement stood at Rs 1,035 crore.

The deal is subject to regulatory plus other nods.

MIAL was granted the authorization for functioning and updating CSIA during April 2006.

Upon conclusion of this deal, GVK will head the group with an equity stake of 50.5%, BSDM will possess a 13.5% equity stake, ACSA Global 10% and AAI the rest 26% in MIAL.

Suring the last month, GVK Power & Infrastructure entered into a MoU with the Punjab State Power Corporation regarding the execution of second stage, 1320 MW Power Project by GVK Power (Goindwal Sahib), a step down division of the company, in Punjab.