This is in a space which is in vogue right now basically education, e-governance software services. They have mainly 3500 government schools and catering to around 10 lakh students. It's shown an EPS of Rs 3.5 this year and is expecting around Rs 4.75 for FY11. It's a dividend paying company. It's not a very low price stock because its Rs 2 paid up. In fact, its quoting at around Rs 85 if you multiply by 5.
It is not a future Educomp Solutions. It's a poor cousin of Educomp. You can compare that with Core Projects & Technologies Ltd to a certain extent but this stock has not performed in the recent past. So looking at the EPS estimates we are expecting that this stock should go to levels of around Rs 24-25.
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