Buy Hindustan Dorr Oliver With Target Of Rs 145
Technical analyst Imtiaz Qureishi has maintained 'buy' rating on Hindustan Dorr Oliver Limited stock with a target of Rs 145.
According to analyst, the investors can buy the stock with stop loss of Rs 128.
Mr. Qureishi said that the said target can be achieved within 1-2 trading sessions.
The stock of the company, on November 18, closed at Rs 134.25 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 159.30 and a low of Rs 76.80 on BSE.
On November 09, Hindustan Dorr-Oliver Ltd has pocketed an order from the Government of India (GoI), Department of Atomic Energy.
Valued at Rs 140 million, the scope of the order comprises design, engineering, production and building of a desalination facility from 'Zironium Complex' at Pazhayakayal near Tuticorin.
The company, on November 02, declared that its water biz section division has bagged orders worth Rs 965.7 million.
The company received its first order worth Rs 765 million from Brahmaputra Cracker and Polymer. It is to be finished in a period of 18 months.
The other order valued at Rs 200.7 million has been pocketed from Chennai Petroleum Corporation. It is to be executed in a period of 8 months. (IANS)