Technical analyst Gaurang Shah of Geojit BNP Paribas has maintained 'hold' rating on Hindustan Construction Limited (HCC) stock with targets of Rs 48 and 52.

According to analyst, the stock can be purchased with a stop loss of Rs 36.

The stock of the company, on Dec 01, closed at Rs 45.25 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 81.10 and a low of Rs 40.50 on BSE.

Current EPS & P/E ratio stood at 1.62 and 28.23 respectively.

Hindustan Construction Company (HCC) has recorded 2.20 times growth in its net profit at Rs 121.37 million for the three month period ended Sept. 30.

The company has a net profit of Rs 55.15 million in the same period of last year.

Company's total income grew by 13.62% to Rs 8,906.78 million for the three month period ended Sept 2010 from Rs 7839.124 million for the same quarter of last year.

Hindustan Construction Company (HCC) declared that its arm Lavasa Corporation has got observation letter from the market regulator Securities and Exchange Board of India (SEBI) for its planned Initial Public Offering (IPO) of shares for an amount not surpassing Rs 20 billion.