As per views of technical analyst Mathew Easow, investors can purchase Tanla Solutions stock above Rs 226 to achieve a short term between Rs 260-278.

The stop loss marked for the suggested stock is Rs 214.

Today (Aug 08), the company’s shares opened at Rs 218.45, as against its last closure at Rs 216.15 on Thursday (August 07), on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 9.29 and 23.80 respectively. The share price has seen a 52-week high of Rs 410 and a low of Rs 182.10 on BSE.

The outlook for the stock is really very strong. Moreover, the company is making robust efforts in order to strengthen its market share, swell its business, regulates its asset quality and put more pressure on customer service to perk up its profile and fight increasing competition.
 
Tanla Solutions registered a good increase in its standalone net profit for the three months period ended June 30, 2008. During the quarter, the profit of the company surged 28.67% to Rs 250.58 million from Rs 194.74 million in the same quarter, last year.

Net sales for the quarter surged 58.55% to Rs 410.30 million, while total income for the quarter arose 37.90% to Rs 443.46 million.

The company reported earnings of Rs 2.51 a share during the quarter, posting 35.47% decline over prior year period.

Tanla Solutions recently acquired an 85% stake in Openbit for USD 18.6 million. The deal, funded by internal accruals, is valued at EV/Sales of 1.0X FY07 sales.

The acquisition will be EPS accretive during the initial year of operations. The base business is likely to remain strong over the next few years.

Openbit Oy has been acquired by Tanla Mobile Asia Pacific Pte, Singapore a subsidiary of Tanla Solutions.

Other stocks from the same sector that looks good for short-term and long-term trading includes TCS, Wipro, Satyam, Infosys and HCL Tech.