Stock market analysts are of the view that investors can buy Valecha Engineering Ltd stock to achieve an intraday target between Rs 110-114.

According to them, investors can buy the stock above Rs 108 with a strict stop loss of Rs 105.

Shares of the company, on Monday (Nov 16), closed at Rs 107.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 123.55 and a low of Rs 21.90 on BSE.

Set up in 1957, Valecha Engineering Limited is an ISO 9001:2000 certified company, which has produced some of the country’s major civil engineering infrastructure landmarks.

The company has placed itself as a worldwide accepted building and infrastructure development company.
 
The company is involved in the construction of key infrastructure & engineering projects including bridges & tunnels, railroad tracks, airdromes, water reservoirs & canals, roads, highways & expressways, irrigation dams, foundation & piling works.