Technical analyst Anil Singhvi has maintained 'buy' rating on Hotel Leela Venture Limited stock with an intra-day target of Rs 43.

According to analyst, the stock can be purchased with a stop loss of Rs 38.

The stock of the company, on March 4, closed at Rs 38.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 58.70 and a low of Rs 35.70 on BSE.

Current EPS & P/E ratio stood at 0.93 and 43.16 respectively.

Hotel Leela Venture announced that it is anticipating to get around Rs 950 crore from sales of its non-core assets and in combined company ventures to lessen the company's overall arrears.

Hotel Leela Venture announced this during its board meet, which too place in Mumbai.

The company's board has decided to sell big part of the commercial office space in Chennai and to foray in the combined development deals with well-known constructors on company-possesed land in Hyderabad and Bangalore for residential or commercial development.

Hotel Leela has also decided to offer up to 14.95% of its augmented capital to potential capitalists by issuing fresh equity shares.