Buy Educomp Solutions With Target Of Rs 580

Buy Educomp Solutions With Target Of Rs 580Stock 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.