Technical analyst Pradeep Surekha has maintained 'hold' rating on Bharat Heavy Electricals Limited (BHEL) stock to achieve a medium term target.

According to analyst, the investors can buy the stock with stop loss of Rs 1880.

Mr. Surekha added that the investors can exit the stock on rally to around Rs 2000-2020.

The said target can be attained in a period of 2-3 trading sessions.

Today, the stock of the company opened at Rs 1944 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2695 and a low of Rs 1957.45 on BSE.

Current EPS & P/E ratio stood at 104.65 and 18.49 respectively.

Bharat Heavy Electricals Ltd announced that the company's directors have sanctioned payment of an interim dividend of 132.5% or Rs 13.25 per equity share of Rs 10 each for the financial year 2011.

BHEL has fixed March 21 as the Record Date to determine the name of the stockholders/beneficial possessors of the company to whom the dividend shall be allocated.

BHEL posted a net profit of Rs 4311 crore on overall revenues of Rs 34,397 for the financial year ended March 31, 2010.

In addition, BHEL announced that its board has postponed a decision on the proposal to set up a NBFC.

The company said, "Agenda concerning the report of the consultant regarding formation of a non-banking finance company has been deferred."

During the last week, the company declared that its directors would assemble on March 15 to consider the report of the consultant on constitution of a NBFC.

BHEL had nominated Crisil to direct the company on floating the NBFC and the associated report has already been forwarded.