Technical Analyst Ashwani Gujral has maintained 'hold' rating on IVRCL Infrastructures & Projects Ltd stock with short term target.

According to analyst, the interested investors can exit near Rs 185.

Today, the shares of the company opened at Rs 164.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 212.40 and a low of Rs 144.50 on BSE. Current EPS and P/E ratio of the stock stood at 8.05 and 21.01 respectively.

IVRCL Infra has announced that it has pocketed one of the India's major toll road projects on the Goa-Maharashtra border from the NHAI.

The order is valued at Rs 3,100 crore.

IVRCL Infra has registered a marginal decline in its PAT, which stood at Rs 211.12 crores for the fiscal ended March 2010 as against Rs 225.97 crores in March 2009.

The fall in the company's income was mainly because of the increase in tax expenditure.

The tax expenses increased to Rs 117.72 crores from Rs 47.81 crores during the last fiscal.

Company chairman and managing director, Mr. E. Sudhir Reddy said that the company's increased by 10.26% at Rs 5,494.42 crores in the priod under review.

The company's Ebidta margin for the year has gone up to Rs 546.77 crore.