Stock market analyst Vikram Bhatt of Ajmera Associates has maintained 'hold' rating on JSW Energy Limited stock to achieve a long term target.

The analyst said that the stock can be purchased for 40-50% gains in a period of one year.

The stock of the company, on December 30, closed at Rs 95.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 136.30 and a low of Rs 93.50 on BSE.

JSW Energy Ltd, a sovereign unit of JSW Group, declared that it has productively licensed the second facility of the four 300 mega watt power projects at Jaigad in Ratnagari region of Maharashtra.

The company has attained the Commercial Operation Date (COD) effectual from December 30, 2010, summating the cumulative operating capacity at Ratnagiri to 600 mega watt.

JSW Energy Ltd is making attempts to commission the remaining two during the existing financial year.

Vice Chairman, N K Jain stated, "We are on schedule to achieve our stated generation capacities."

For July-September quarter, JSW Energy recorded a marginal increase of 6.09% in its consolidated net profit after share of profit/(loss) of minority.

The company's consolidated net profit after share of profit/(loss) of minority stood at Rs 1,845.60 million as against Rs 1,739.60 million for the same period of last year.

Total income went up by 56.33% to Rs 8,953.10 million for the three month period under review.