Technical analyst Anil Singhvi has maintained 'hold' rating on Moser Baer (India) Limited stock with an intra-day target of Rs 44.

According to analyst, the investors can buy the stock with stop loss of Rs 40.

The stock of the company, on February 09, closed at Rs 41.05 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 83.75 and a low of Rs 46.40 on BSE.

Current EPS is -8.36.

Moser Baer India Ltd stated that it began developing junction boxes, a vital constituent in solar photovoltaic (PV) installations, at its plant located at Greater Noida in the state of Uttar Pradesh.

The company has inked deal with Japan's Yukita Electric Wire Co and will make 2.5 million best quality junction boxes at a low incremental capital expenditure cost.

The company said, "This dedicated Moser Baer India facility can cater to the entire demand emanating from phase 1 of the National Solar Mission."

The capacitance of the plant will be enough to supply the primary 1,300 MW of solar power, which the country is eyeing by the next two years under its Solar Mission plan.

The plant will also offer an export base to sell junction boxes to the European market and other abroad markets.