Stock market analyst VK Sharma has maintained ‘Buy’ rating on Everonn Systems to achieve an intraday target of Rs 392 in 2-3 trading sessions.

According to Mr. Sharma, interested traders can buy the stock with a strict stop loss of Rs 351.

Shares of the company, on Thursday (June 18), closed at Rs 363.20 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 15.77 and 23.72 respectively. The share price has seen a 52-week high of Rs 639.60 and a low of Rs 79.30 on BSE.

Mr. Sharma said that investors should buy the stock to reap good returns in the suggested time period.

Everonn   Systems   India Ltd announced that the consolidated net profit of the company increased 60% at Rs 22.08 crore for the twelve month period ended March 31, 2009.

The firm posted a consolidated net profit of Rs 13.80 crore in the year ended March 31, 2008.

Consolidated total income of the firm surged to Rs 144.68 crore during the year ended March 2009 as against Rs 91.64 crore in the previous year.

For the year ended March 31, 2009, the company’s standalone net profit increased to Rs 23.84 crore as against Rs 1378 crore in the previous year.

The company’s standalone total income zoomed to Rs 121.37 crore during the period under review from Rs 91.23 crore during the last fiscal.

Mr. P Kishore, Managing Director, Everonn Systems said that they have a target to cross over 2600 institutes in FY10.

The firm’s services comprise making educational and training content, designing and executing learning initiatives and establishing the required infrastructure for learning and training.