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 on April 12 said that it has received orders worth Rs 832.51 crore for engineering linked works.

The company has pocketed a deal worth Rs 460 crore from Water Resources Department, Mumbai.

The scope of order comprises engineering, delivery and commissioning of the power plant. The order is to be finished in 48 months.

In addition, IVRCL Infra has bagged a deal valued at Rs 250.54 crore from Power Grid Corporation of India.

Besides, the company has won a deal worth Rs 121.97 crore from FLSmidth, Tamilnadu.