Stock market analysts have maintained 'buy' rating on IVRCL Infrastructure & Projects Ltd with an intraday target of Rs 348.

According to them, interested traders can purchase the stock above Rs 343 with a strict stop loss of Rs 340. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 355.

Shares of the company, on Thursday (Oct 29), closed at Rs 343.40 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 16.37 and 21.36 respectively. The share price has seen a 52-week high of Rs 424.80 and a low of Rs 75.35 on BSE.

IVRCL Infrastructure and Projects is all set to declare its results for the three month period ended Sept 30, 2009.

According to estimations, the company's Q2FY10 net sales are seen up 23 per cent at Rs 400.40 crore as against Rs 1136.6 crore, YoY.

The company OPM is seen up at 9.10 per cent as compared to 8.03 per cent.

IVRCL Infra's PAT is seen up 14 per cent at Rs 65.06 crore versus Rs 57.1 crore

On Oct 08, the company bagged orders worth Rs 5.23 billion from a government body in Uttar Pradesh and a Pune-based firm.

IVRCL Infra pocketed Rs 2.87 billion deal from U. P. Jal Nigam for sewerage works for Allahabad city to be finished in 36 months.

The second order valued at Rs 2.36 billion for construction of five buildings, a hotel and a hospital building was from Kakade Infrastructure, Pune.