Stock market analysts have maintained 'buy' rating on Core Projects & Technologies Ltd with an intraday target between Rs 220-224.

According to them, interested traders can purchase the stock around Rs 215-217 with a strict stop loss of Rs 210.

Shares of the company, on Monday (Feb 08), closed at Rs 217.35 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 220.50 and a low of Rs 42.70 on BSE.

Current EPS & P/E ratio of the stock stood at 17.19 & 12.48 respectively.

Core Projects & Technologies Ltd, in Jan, declared that the company's directors have sanctioned the offer to foray into the School Management Business in India, both in public and private segment.

The projects under this latest business are likely to be launched during the approaching academic year in India beginning June 2010.

During the third quarter ended December 2009, the company's net profit surged 20.5% to Rs 30.95 crore as against the netw profit rescorded during second quarter ended September 2009.

The company said that it recorded profit on the back of 24.6% increase in sales, which stood at Rs 121.69 crore over Q2 September 2009.

Core Projects & Technologies Limited offers IT products and services. It also provides services such as onsite as well as offsite consulting and knowledge management services, systems integration, worldwide positioning system based vehicle tracking and discovery systems, application back up for their goods, and offshore outsourcing. (IANS)