Stock market analysts have maintained ‘buy’ rating on Core Projects and Technologies Ltd with an intraday target of Rs 178.

According to them, interested traders can purchase the stock above Rs 175 with a strict stop loss of Rs 173.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 180.

Shares of the company, on Friday (Dec 04), closed at Rs 174.05 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 215.10 and a low of Rs 41 on BSE.

Current EPS & P/E ratio of the stock stood at 16.51 & 10.60 respectively.

Core Projects and Technologies posted a growth of 24.67% in its profit during the second quarter ended Sep. 30, 2009.

The company recorded PAT of Rs 369.6 million during the period under review as compared to Rs 296.5 million during the same period of the last year.

The company’s EPS during the period was Rs 3.97 as against Rs 3.44 during the corresponding previous quarter.

The total income of the company during the second quarter stood at Rs 2,007.2 million as compared to Rs 1,615.4 million in Sep 2008.

Core Projects and Technologies Limited, in Nov 2009, declared that it has collaborated with the University of Oxford, UK for teacher capacity building and enablement in the country.

The new proposal is in proportion to the planned focus of the company to provide holistic and structured Global Education Solutions in the country’s education space via a single window, which comprises the brick and mortar constituents, ICT and content.