Technical analyst PK Agarwal of Purpleline Investment has maintained 'hold' rating on Kalindee Rail Nirman (Engineers) Limited stock.

The analyst said that the stock can be purchased with a stop loss of Rs 162.

The stock of the company, on December 22, closed at Rs 175.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 239.90 and a low of Rs 115 on BSE.

Kalindee Rail Nirman (Engineers) registered a phenomenal growth in its standalone net profit for the three month period ended September 2010.

During July-September quarter, the company's profit surged 5.00 times to Rs 13.89 million as compared to Rs 2.78 million during the corresponding period of 2009.

The company's net sales during the said quarter climbed 2.21 times to Rs 573.10 million.

The total income of the company during the quarter under review zoomed 2.24 times to Rs 582.28 million as against the same period of last year.

The company has recorded an EPS of Rs 3.65 per share in the period under review, recording 15.87 times growth as against previous year period.

Kalindee Rail Nirman (Engineers) Ltd is a construction company involved in constructing infrastructure for rail transport that comprises signaling, telecom, track and information systems.