Technical analyst Anil Singhvi has maintained 'buy' rating on Sterlite Technologies Limited stock with an intra-day target of Rs 54.

According to analyst, the stock can be purchased with a stop loss of Rs 49.

The stock of the company, on March 1, closed at Rs 49.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 124.20 and a low of Rs 45 on BSE.

Current EPS & P/E ratio stood at 5.68 and 8.67 respectively.

Sterlite Technologies has got hold of 50 acres of land in the state of Maharashtra for Rs 97 billion LCD manufacturing venture.

Sterlite Technologies' arm has pocketed deal to reinforce the transmission grid in the western area on 'build, own, operate and maintain' (BOOM) basis.

The contract consists of a total line length of around 1000 kms and the establishment of two 1500 mva substations at Dhule and Aurangabad.

The said deal will be commissioned in a period of 36 months and Sterlite would run and maintain the transmission system for a minimum term of 35 years then.