Buy Ramky Infra With Stop Loss Of Rs 275

Buy Ramky Infra With Stop Loss Of Rs 275Technical analyst PK Agarwal of Purpleline Investment has maintained 'hold' rating on Ramky Infrastructure Limited stock.

The analyst said that the interested investors can attain the said target with a stop loss of Rs 275.

The stock of the company, on December 30, closed at Rs 307.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 460 and a low of Rs 301.15 on BSE.

On the revenue front, the company is eyeing Rs 2700- 2800 crore on a standalone basis during the existing financial year.

Going ahead, the infrastructure group is projecting approximately Rs 4000-4200 crore for the upcoming fiscal.

Hyderabad-based Ramky Infrastructure said that it may produce separate holding firms for its road and industrial park business sectors.

Company's COO Mr. Gopalakrishnan Sanjiv Iyer said that the company's road portfolio comprises three national highway and two state highway projects.

Mr. Iyer added, "We are thinking of having holding companies for our road projects and industrial parks, but nothing is finalized."

Mr. Iyer also said that dealing the projects turns simpler when they get diverted.