Rahul Mohindar of Viratechindia is of the view that IVRCL Infrastructure and Projects has target of Rs 520-530.

Mohindar told CNBC-TV18, "One is looking at IVRCL Infrastructure from both the medium to long-term perspective. Rs 400 is an excellent support for the stock but I would really recommend initiating a buy only if it breaks out above Rs 442. So that’s what really one would wait for and if one is attempting to buy it now, it is slightly a risky bet."

He further added, "Certainly keep a stoploss at Rs 390 if one is attempting a buy in Rs 400-420 region. Alternatively, buy a breakout above Rs 442. The price target on this stock would be Rs 520-530 where it meets its medium term target and resistance and stop would be Rs 390 on the whole trade."   

Disclaimer: It is safe to assume that analyst may have an investment interest in the above stock.