Stock market analyst Pradeep Surekha has maintained 'buy' rating on IVRCL Infra Limited stock with a target of Rs 172.

According to analyst, the interested investors can buy the stock with stop loss of Rs 161.

The stock of the company, on Sep 21, closed at Rs 165.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 212.40 and a low of Rs 147.25 on BSE.

Current EPS & P/E ratio stood at 7.79 and 21.57 respectively.

IVRCL Infrastructures & Projects Ltd announced that its board has sanctioned a dividend of Rs 0.80 paise per equity share of Rs 2 each at 40% for the 12 month period ended March 31, 2010.

At the 23rd AGM held on Sep 18, the company stated that its members planned to increase the borrowing limit to Rs 85 billion from Rs 75 billion.

IVRCL Infrastructures has pocketed a project for up-gradation of Sion-Panvel Special State Highway under BOT from BARC Junction to Kalamboli Junction.

The project is said to be finished within 3 years and is being carried out mutually with Kakade Infra Pvt. Ltd.