Stock market analyst Anil Singhvi is of the view that investors can buy Hindustan Construction Company Ltd (HCC) stock with intra day target of Rs 122.

Mr. Singhvi said that the interested investors can buy the stock with stop loss of Rs 114.

The shares of the company, on June 23, closed at Rs 99.05 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 108.80 and a low of Rs 40.50 on BSE.

Current EPS & P/E ratio stood at 5.25 and 19.16 respectively.

HCC, on June 27, has declared that it has received orders worth 431 crore from Himachal Pradesh Power Corporation Ltd (HPPCL).

The order is for EPC contract of 100MW Sainj Hydroelectric Power Project.

The order is to be finished within the next 48 months.

On June 25, HCC said that it will start its Vikhroli slum redevelopment project by October 2010.

The company will build up 16 acres out of the total 48 acres, for which it bagged nod two weeks back from the Slum Rehabilitation Authority.

Mr. Rajgopal Nogja, president, HCC Real Estate said, "The development of the first 16 acres will generate a saleable area of 1 or 1.1 million square feet."