Stock market analyst Ashwani Gujral has maintained ‘Buy’ rating on Nagarjuna Construction Company Ltd to achieve a target between Rs 184-195 in 2-3 trading sessions.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 166.

Today, the shares of the company opened at Rs 173.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 178 and a low of Rs 34.25 on BSE.

Current EPS & P/E ratio stood at 6.10 and 28.02 respectively.

The Hyderabad-based company, on Nov 10, bagged five orders worth Rs 722 crore. The company received the first order valued at Rs 328 crore from Bangalore water supply and sewerage board. It is expected to be finished by the next 26 months.

The second order is from Bihar’s water resources dept, the third from Jain Housing Chennai for residential flats, while the fourth order is from Rail Vikas Nigam, New Delhi and the last from Chennai Metropolitan Water Supply.

Nagarjuna Construction has posted a net profit of Rs 43.92 crore during the three month period ended September as against Rs 42.30 crore in the same quarter of the last year.

The company’s total income during the second quarter surged to Rs 1,067.03 crore from Rs 1,055.82 crore during the corresponding period of 2008.

For the half-year ended September 30, Nagarjuna Construction registered a growth of 3% in its net profit, which stood at Rs 82.14 crore from Rs 79.38 crore of the corresponding period last year.