Buy Core Projects To Achieve Short-Term Target Of Rs 305: Nirmal Bang
In its latest research report, Nirmal Bang, an equity research firm said that Core Projects & Technologies, which has been consolidating between Rs 178-190 level, can give good returns in the short term.
The report further stated that, if the counter is successful to breach Rs 208 levels, then it will hit a target of Rs 235.
The stock has strong support at Rs 173.
Today (Sep 30), the shares of the company opened at Rs 198 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 9.10 & 22.16 respectively. The share price has seen a 52-week high of Rs 273 and a low of Rs 34.10 on BSE.
CORE Projects & Technologies Ltd is a major supplier of best of breed end-to-end Solutions in the Education Domain worldwide. Listed on the BSE & NSE and rated The Fastest Growing Information Technology Co. in Maharashtra.
CPTL is a CMMi Level3 and ISO 9001:2000 certified Company, attaining more than 100 per cent yearly growth.
The company's different offerings in the education field comprise products and solutions in the regions of Accountability Systems, Assessment Systems, School Management Systems, and IT Infrastructure Systems.
The company has recently bought companies in the US and UK, thus strengthening its ranking as a leading player in the education segment.