Nirmal Bang has maintained 'Buy' rating on EduComp Solutions stock to achieve a target of that lies between Rs 2620-2750 within 4-5 trading sessions.

Interested traders can buy the stock on dips with a stop loss at Rs 2370.

The report further stated that, if the counter is successful to breach 2,470, then it will create a huge breakout.

Shares of the company, on Tuesday (May 11), closed at Rs 2,423.20 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 4,185 and a low of Rs 1,331 on BSE. Current EPS and P/E of the stock stood at 74.14 & 32.93 respectively.

According to Nirmal Bang, the stock has seen lots of gains in the past few weeks, so buy the stock, it will prove that it's definitely a strategic stock.

Educomp Solutions, India's top education company, has entered into an agreement with the Department of Education, Gujarat.

The company said that the agreement deal has been signed in order to provide computer aided learning in secondary and senior secondary government schools for classes 9-12 in Gujarat.

The deal would impact approximately 850,000 pupils across the state.

Educomp Solutions said that its consolidated net profit after tax for the three month period ended March 31, 2009 was Rs 553.58 million.

In the meantime, the company's total revenue during the period stood at Rs 2,281.69 million.

In standalone net profit during the quarter ended March 2009, the company announced a phenomenal growth. During the quarter, the profit of the company rose 73.25% to Rs 545.17 million from Rs 314.68 million in the same quarter previous year.

Net sales for the quarter surged 55.68% to Rs 1,839.04 million, while total income for the quarter jumped 54.26% to Rs 1,843.86 million, when compared with the prior year period.

It posted earnings of Rs 31.54 a share during the quarter, registering 72.82% growth over previous year period.