Stock market analyst Pradeep Surekha has maintained 'buy' rating on Bharat Heavy Electricals Ltd (BHEL) stock to achieve an intra-day target of Rs 2520.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 2470.

The stock of the company, on Sep 21, closed at Rs 2498.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2585 and a low of Rs 2160 on BSE.

Current EPS & P/E ratio stood at 92.09 and 26.88 respectively.

Bharat Heavy Electricals Ltd (BHEL) announced that it bagged an order worth Rs 2665 crore from Visa Power Ltd (VPL).

The order is for the establishment of a 1,200 MW thermal power facility in the state of Chhattisgarh.

In a major declaration, the company said, "The fresh order is testimony to the confidence reposed by IPPs in BHEL's capabilities. It also reinforces BHEL's leadership status in the execution of thermal power projects involving supply of state-of-the-art equipment, suited to Indian coal and Indian conditions."

VPL, a part of Visa group, has interests in steel, mining, power, global business, shipping as well as logistics.

As per reports, BHEL said that its Tiruchi division, which makes boilers, is looking for chances to establish a greenfield plant in western India.

The company's senior official stated that its incapability to purchase land in Tamil Nadu for growth and the local suppliers' capacity restrictions were the major causes behind the possible expansion outside the state (Tamil Nadu).