Stock market analyst Anil Singhvi has maintained 'buy' rating on Andhra Cements Ltd stock with an intraday target of Rs 20.

According to analyst, the interested investors can buy the stock with stop loss of Rs 17.50.

The stock of the company, on Sep 03, closed at Rs 17.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 35 and a low of Rs 17.35 on BSE.

On July 04, Andhra Cements announced that a committee meeting will take place on 06 September 2010.

The company said that the meeting will be help in order to consider and sanction the allocation of equity shares to HDFC & IDFC on preferential basis in terms of the resolution cleared by the stockowners during the annual general meeting (AGM), which took place on 30 August 2010.      Andhra Cements Ltd is involved in the production and sale of cement.

The company has a broad network of dealers.

In the financial year ended March 31, 2009, Andhra Cements Ltd owned two operative facilities located at Dachepalli, Guntur district (Andhra Pradesh) and Visakhapatnam (Andhra Pradesh) having installed capacitance of 0.80 mtpa and 0.60 mtpa.

The company's top markets comprised Tamil Nadu, Andhra Pradesh, Karnataka and Orissa.