Technical Analyst Anil Singhvi has maintained 'buy' rating on GVK Power & Infrastructure Ltd stock to achieve an intraday target of Rs 50.

According to him, interested traders can purchase the stock with a stop loss of Rs 45.25.

The shares of the company, on April 27, closed at Rs 46.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 53.75 and a low of Rs 26.60 on BSE.

Current EPS & P/E ratio stood at 0.87 and 53.08 respectively.

GVK Power and Infrastructure Ltd is all set to purchase a majority stake in Mumbai and Bangalore international airports.

GVK Power and Infrastructure possesses around 37% in MIAL and around 29% in Bangalore International Airport Ltd (BIAL).

During the last month, GVK Power & Infrastructure bought 9.50% additional equity stake in GVK Gautami Power from Hyderabad based Nagarjuna Construction Company.

GVK Power has decided to add around 800 MW more capacity to the facility.

With the added equity stake in GVK Gautami, GVK Power has strengthened its holding further with its stake in the power project going up to 63.60%.