Nirmal Bang has maintained 'Buy' rating on Rolta stock to achieve a target of Rs 130 within 4 to 5 trading sessions.

According to Nirmal Bang, huge buying interest seen in today's session, this stock has been underperforming for quite some time, buy on dip, strong support area 90-86 and resistance is at 117.

Shares of the company, on Thursday (May 21), marked its closure at Rs 105.40 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 360 and a low of Rs 40.70 on BSE. Current EPS and P/E of the stock stood at 19.85 & 5.81 respectively.

For quarter ended March 31, 2009, Rolta India announced a phenomenal growth of up to 2.03 times in its consolidated net profit.

For the quarter, the company recorded a consolidated net profit after tax, minority interest and exceptional item of Rs 1,331.40 million.

The company's consolidated total income stood at Rs 3,401.40 million, which saw a rise of 13.80% from its prior year period.

The company's standalone net profit was Rs 1,600.70 million as compared to Rs 787.50 million in the same quarter previous year.

Net sales during the quarter increased 8.35% to Rs 2,446.80 million, whereas total income for the quarter rose 7.45% to Rs 2,536.10 million.

The company reported earnings of Rs 9.90 per share during the quarter.

Rolta India, on April 14, announced the restitution of its affiliation with Intergraph Corp, a top global provider of engineering and geospatial software.

Rolta, on April 06, opens its new high-tech development and delivery centre in the newly constructed multistoried building at SEEPZ-SEZ, Andheri East, Mumbai.

The company's new plant has the capacity to seat 1,500 persons in a single shift, and is fully equipped with up-to-date computing systems and software platforms, dedicated high speed data communications network, and backup power sources to offer dependable and lucrative offshore services to the company's worldwide clients.