Stock market analyst DD Sharma of Anand Rathi Securities has maintained 'buy' rating on UTV Software Communications Limited stock to achieve a target above Rs 1000.

According to analyst, the said target can be achieved within a period of 12 months.

Today, the stock of the company opened at Rs 618 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 618 and a low of Rs 390.50 on BSE.

Current EPS & P/E ratio stood at 36.84 and 16.39 respectively.

UTV Software Communications Ltd has recorded a net profit of Rs 401.8 million for July- September quarter as compared to a net profit of Rs 83.05 million during the same period of last year.

The company's operating income increased by 142%to Rs 438 million during the period ended September 30 as against Rs 181 million in Q2 FY10.

The company said that movies made around 51%of UTV Software's total income during the second quarter of the existing financial year.

The company anticipates movies to add around 40-45% of its revenues in the subsisting fiscal.

Television account for 34% of UTV's overall earnings for Q2 and is likely to contribute 30-35% of the revenues for this fiscal.