Stock market analyst Rajesh Jain has maintained 'buy' rating on Hindustan Construction Company Ltd stock with a long term target of Rs 75.

Mr. Jain said that the investors can buy the stock on dips.

He also said that the stock of the company can attain the said target within a period of 12-18 months.

Today, the stock of the company opened at Rs 57.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 81.10 and a low of Rs 51.95 on BSE.

Current EPS & P/E ratio stood at 1.62 and 36.03 respectively.

Hindustan Construction Company (HCC), on Nov 19, declared that Lavasa Corporation, a HCC division, has got observation letter from market regulator Securities and Exchange Board of India (SEBI) for its projected Initial Public Offering (IPO) of Equity Shares for Rs 20 billion.

For the three month period ended September 30, Hindustan Construction Company (HCC) has registered a 2.20 times growth in its net profit, which stood at Rs 121.37 million as against Rs 55.15 million for the July-September quarter of last year.

The company's total income surged 13.62% to Rs 8,906.78 million from Rs 7839.124 million for the three month period ended September 2009.