Technical analyst Rajesh Jain has maintained 'buy' rating on Hindustan Dorr-Oliver Limited stock with a target of Rs 150.

The analyst said suggested that the said target can be attained if the investors hold the stock for 10-12 month period.

The stock of the company, on December 29, closed at Rs 114.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 159.30 and a low of Rs 77.75 on BSE.

Hindustan Dorr-Oliver, city-based infra major IVRCL Group Company, stated that it received a deal valued at Rs 135 crore for their mineral and water section.

The company said that it pocketed a deal worth Rs 63 crore from heavy water Board.

The second deal valued at Rs 36.5 crore is from ONGC-Mangalore Petrochemicals Ltd.

The project is likely to be carried out in 20 months.

The third order valued at Rs 35 crore from Balco. This deal is likely to be completed in a period of 10 months.

Hindustan Dorr-Oliver has also made a 100% acquirement of UK-based Davy Markham in early 2010.