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Buy Educomp Solutions, target of Rs 3570: ULJK Securities
Posted on: May 15th, 2009 and is filed under Brokerage Recommendations.
ULJK Securities has maintained its buy rating on Educomp Solutions with a target prtice of Rs 3570 in its May 08, 2009 research report.
“Educomp Solutions reported 89.5% jump in Income from Operations to Rs 496.7 crore from Rs 262.1 crore. The EBIDTA was up by 114.9% to Rs 267.9 crore. EBIDTA margin improved to 53.9% from 47.6% recorded in 2008. PAT was up by 83% to Rs 128.2 crore. On consolidated the company reported Net income from operation of Rs 634.2 crore from Rs 287.2 crore recorded the same period previous year (jump of 120.8%). We maintain our target price of Rs 3,570 per share. ‘Buy’,” says ULJK Securities’ research report.
Tags: accumulate, brokerage calls, buy rating, buy stocks, Educomp, hot stocks, ULJK Securities
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