Technical analyst Sanjay Surekha maintained 'hold' rating on GVK Power and Infrastructure Limited stock.

According to analyst, the stock can be purchased with a stop loss of Rs 33.

He also said that the investors can exit the stock on a rally.

The stock of the company, on January 19, closed at Rs 34.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 52.40 and a low of Rs 34.70 on BSE.

Current EPS & P/E ratio stood at 0.98 and 35.28 respectively.

GVK Power and Infrastructure entered into a contract with the Gujarat administration for setting up a new terminal for importing gas at Okhamadhi in Jamnagar region.

The state already owns two LNG terminals at Dahej and Hazira.

GVK will be making an investment of Rs 7,000 crore to set up the LNG terminal together with a private coal terminal and Maritime city at Okhamadhi.

GVK Power & Infrastructure inked financing documents with a lenders group for a national highway road project in the state of Rajasthan.

The total cost of the project cost stood at Rs 823 crore.

According to the deal, the concession phase is for 26 years comprising building period of 30 months.