Technical analyst Pankaj Jain of Satguru Capital has maintained 'buy' rating on BGR Energy Systems Limited stock to achieve a long term target of Rs 1000 plus.

The analyst said that the stock can be purchased on dips to around Rs 620 and 580.

Mr. Jain said that the said target can be attained in a period of 12-14 months.

Today, the stock of the company opened at Rs 711 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 871 and a low of Rs 451.25 on BSE.

BGR Energy Systems has recorded a growth of 2.54 times in its net profit , which stood at Rs 777.64 million for the three month period ended September 2010 as against Rs 305.65 million for the corresponding period of 2009.

The company's total income has zoomed 2.40 times to Rs 11,381.65 million for the period under review from Rs 4,735.65 million for the quarter ended Sept. 30 of last year.

The company functions in two sections including capital goods, and construction and engineering procurement construction (EPC) Contracts.

BGR Energy's facility is situated in Tamil Nadu.