Technical analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Bharat Heavy Electricals Ltd (BHEL) stock with a short term target of Rs 2250.

According to analyst, the investors can hold the stock with a stop loss of Rs 2100.

The stock of the company, on November 29, closed at Rs 2155.15 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2695 and a low of Rs 2110 on BSE.

Current EPS & P/E ratio stood at 97.90 and 22.40 respectively.

BHEL's board of directors at its meeting held on Nov. 25, 2010 has forwarded in-principle authorizations to establish a new facility as `Power Equipment Fabrication Plant` at Latur, Maharashtra.

The company's board has also considered the proposal for starting the route of merger of Bharat Heavy Plate & Vessels, a wholly owned arm of the company with BHEL, to Department of Heavy Industry (DHI).

The unification shall be subject to receiving compulsory nods from right authorities.

State-run power equipment manufactirer, Bharat Heavy Electricals (BHEL) has registered an increase of 33.15% in its net profit, which stood at Rs 11,422.80 million for the three month period ended Sept 2010 as against Rs 8,578.80 million during the same period of 2009.

The company total income grew by 24.98% to Rs 86,526.40 million for the period ended Sept. 30 from Rs 69,230.20 million for July-September period ended Sept 2009.