Technical Analyst Nikita Surekha has maintained 'buy' rating on IVRCL Infrastructure & Projects Ltd stock to achieve an intraday target between Rs 161-162.

According to Surekha, interested traders can purchase the stock with a stop loss of Rs 150.

The shares of the company, on May 19, closed at Rs 155.35 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 212.40 and a low of Rs 115 on BSE.

Current EPS & P/E ratio stood at 7.85 and 20.31 respectively.

IVRCL Infra, on May 11, announced that it has pocketed 3 orders from different vendors.

The orders, which are for construction related work, valued at Rs 822.81 crore.

The initial contract worth Rs 525.97 crore was from the National Automotive Testing & R&D Infrastructure Project NATRIP.

The second deal valued at Rs 234.71 crore has been bagged from the Jharkhand administration.

The third order worth Rs 62.13 crore has come from the Indian Oil Corporation of India.