Technical analyst Anil Singhvi has maintained 'buy' rating on GHCL Limited stock with an intra-day target of Rs 44.

Mr. Anil said that the investors can buy the stock with a stop loss of Rs 39.50.

The shares of the company, on March 21, closed at Rs 39.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 54.20 and a low of Rs 36.75 on BSE.

Current EPS & P/E ratio stood at 14.90 and 2.68 respectively.

During the last month, the company's directors considered and sanctioned the augmentation of temporary borrowing limit including working capital, short-term loans in ordinary course of biz, from Rs 12 billion to Rs 16 billion.

In addition, GHCL Ltd has forwarded an in-principle approval for sale of investment that took place in Rosebys Interiors India, a completely owned arm of the company.

For Oct-Dec period, the company recorded a growth of 11.84% in its standalone net profit, which stood at Rs 250.91 million as compared to Rs 224.35 million during the corresponding period last year.

Company's net sales during the said period surged 28.82% to Rs 3,737.03 million.

Total income during the period under review grew by 28.80% to Rs 3,755.55 million.