Stock market analysts have maintained 'buy' rating on UB Engineering Ltd with an intraday target of Rs 106.50.

According to them, interested traders can purchase the stock around Rs 104.50 with a strict stop loss of Rs 101.

If the bourses remain on the positive track, then the stock price will hit a target above Rs 109.

Shares of the company, on Tuesday (Nov 17), closed at Rs 103.65 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 107.40 and a low of Rs 28 on BSE.

UB Engineering Ltd, the flagship Co. of UB Group's engg business, started its functioning in the year 1963 as a joint venture company commenced by two experts.

In 1972, it became a public company, and it came under the UB Umbrella in the year 1988.

The field of UB Engg's functioning comprises infrastructure, EPC Projects, on-site production of structures, setting up, examining and commissioning of electrical as well as mechanical instruments, piping etc. for big projects including cement, fertilizer, power, refineries, steel, Organic compounds and desalinization projects.

Moreover, UB Engg also carries out overhauling and preservation of operating facilities in different industries, both in domestic as well as international markets.