Technical analyst Pradeep Surekha has maintained 'buy' rating on IFCI Limited stock with a target of Rs 61.

According to analyst, the investors can purchase the stock with a stop loss of Rs 55.55.

The stock of the company, on January 18, closed at Rs 57.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 374 and a low of Rs 194 on BSE.

Current EPS & P/E ratio stood at 17.30 and 19.21 respectively.

IFCI Ltd has declared that its board meeting will take place on January 21, 2011 to consider and sanction the financial outcomes of the company for the third quarter as well as nine months ended December 31, 2010.

For the period ended September 2010, the company recorded an increase of 6.21% in its PAT, which stood at Rs 2,023 million as against Rs 1,904.80 million for the same period of 2009.

Total income during the second quarter surged 48.48% to Rs 6,213.40 million.

IFCI Limited is involved in offering up project financing, financial services as well as investments.

The arms of IFCI Ltd comprise IFCI Infrastructure Development Ltd (IIDL); IFCI Venture Capital Funds Ltd (IVCF); IFCI Financial Services Ltd (IFIN) and MPCON Ltd.