Stock market analysts have maintained ‘buy’ rating on Northgate Technologies Ltd with an intraday target of Rs 29.

According to them, interested traders can purchase the stock above Rs 28.20 with a strict stop loss of Rs 27.50.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 30.

Shares of the company, on Wednesday (Nov 25), closed at Rs 28 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 74.55 and a low of Rs 26.25 on BSE.

Northgate Technologies Ltd’s principal activity is to offer IT services, which include telecommunication and online ad services.

The company also runs bharatstudent.com, a Web property that facilitates Internet users to develop online Web community and provides chances to users to show talent and career management; ziddu.com, a file hosting and sharing portal site in 10 languages; and longhaier.com, a social networking internet site among China’s youth plus egglad.com, an e-commerce and PC-gaming portal.

Northgate Technologies Ltd, along with its divisions also offers IT services to the United Kingdom, the United States of America, Hong Kong and Singapore.