Buy Educomp Solutions With Target Of Rs 580
Stock market analyst Manoj Sachdeva of Hem Securities has maintained 'buy' rating on Educomp Solutions Limited stock with a target of Rs 580.
The stock can be bought with stop loss of Rs 540.
Analyst also said that the said target can be attained within a period of 2-3 days.
Today, the stock of the company opened at Rs 554.95 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 876.05 and a low of 450 on BSE.
Current EPS & P/E ratio stood at 26.59 and 20.85 respectively.
For the three month period ended September 2010, the company's consolidated net profit stood at Rs 57.8 crore for July-September period.
In an announcement, the company said, "There has been a change in the business model of the company and consequently the current period numbers are strictly not comparable to those of the corresponding period of previous year."
The company made a net profit of Rs 115.5 crore during the same period of last year (2009).
The company's total income was Rs 285 crore during the second quarter as against a total income of Rs 338.5 crore during the corresponding quarter previous fiscal.