Technical analyst Sudarshan Sukhani has suggested three SELL calls and one BUY call for traders today.

Stock market research house and brokerage ShareKhan has recommended hold for Finolex Cables and Buy for IRB Infrastructure Developers in its latest stock recommendation report.

Despite a difficult economic year, HCC, the engineering construction and infrastructure development company, has reported net profit of Rs 51.4 crore for the quarter ended March, 31,2009 compared with Rs 26.41 crore in the corresponding previous quarter.

The company has registered a growth of 94.47 per cent in its fourth quarter's net profit.

However, company's net sales during the quarter dipped to Rs 1,049.86 crore from Rs 1,071.73 crore last year, down by 2.04 per cent.

Punj Lloyd Group, the diversified engineering, procurement and construction (EPC) Conglomerate, today announced three prestigious contracts worth Rs 308 crore for the construction of eight stations from the Bangalore Metro Rail Corporation.

The group is currently constructing Singapore’s Mass Rail Transit (MRT) Downtown Line’s Bayfront station at the Marina Bay, and a section of the MRT Circle Line besides projects for Delhi Metro.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on GMR Infrastructure Limited stock to achieve a target of Rs 116 within 3-4 days.

According to Karvy, day traders can buy the stock between Rs 104-106 with a stop loss of Rs 100.

Shares of the company, on Monday (April 13), closed at Rs 106.50 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 0.69 and 161.74 respectively. The share price has seen a 52-week high of Rs 169.90 and a low of Rs 45.60 on BSE.

With the intention to fund the road projects, highways regulator the National Highways Authority of India (NHAI) announced that it has decided to raise Rs 3,000 crore during the existing fiscal through tax-free bonds.

To get a loan of about Rs 2,000 crore to fund road projects, the highways regulator is also making discussions with the Asian Development Bank (ADB).

Didar Singh, NHAI Member (Finance), said, “We have fixed a target of raising Rs 3,000 crore through tax-free bonds in the financial year 2009-10. The bonds will hit the market very soon.”