Sell IVRCL Infra

Sell IVRCL InfraTechnical Analyst Anil Singhvi has maintained 'sell' rating on IVRCL Infrastructure & Projects Ltd stock with a target of Rs 150.

According to Mr. Singhvi, interested traders can sell the stock with stop loss of Rs 170.50.

The shares of the company, on May 06, closed at Rs 164.50 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 20.95 respectively.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

IVRCL Infra, in April 2010, pocketed 3 orders valued at Rs 8.33 billion.

The leading construction and engineering company bagged an order worth Rs 4.60 billion from Water Resources Department, Mumbai.

The second order valued at Rs 2.51 billion was from Power Grid Corporation.

The third order worth Rs 1.22 billion was from Tamil Nadu-based FLSmidth.