Stock market analysts have maintained ‘Buy’ rating on Housing Development and Infrastructure Limited (HDIL) stock to achieve an intra-day target of Rs 190.

According to analysts, day traders can buy the stock above Rs 183 with a stop loss of Rs 181.

Shares of the company, on Wednesday (May 13), closed at Rs 179.90 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 53.60 and 3.27 respectively. The share price has seen a 52-week high of Rs 675.32 and a low of Rs 62.50 on BSE.

Housing Development and Infrastructure (HDIL), during the last month, announced that it has planned to sell 400,000 sq ft of transferable development rights (TDR) valued at Rs 420 million in the market, despite decreasing TDR prices.

HDIL during March 2009 has rolled more than Rs 25 billion in liabilities it has taken from commercial banking institutions for the next 15-18 months.

The real estate player, which had about Rs 40 billion in debt, has rolled over the debt taken from PSUs including Bank of India, Union Bank of India, Punjab National Bank, UCO Bank, among others.

HDIL is a realty development company in India, having significant operations in the Mumbai Metropolitan Region.

It is a public listed realty company in India with shares traded on BSE & NSE Stock Exchanges.  

The company has been awarded as fastest rising realty company in India by Construction World- NICMAR in October 2007.

Its core business areas include realty development, including construction and development of residential projects, commercial and retail projects, slum rehabilitation and development and land development.