Investment advisor Sanjeev Bhasin has maintained 'hold' rating on Educomp Solutions Limited stock with a target of Rs 500.

Mr. Bhasin said that the said target can be achieved within a period of three months.

The stock of the company, on March 28, closed at Rs 426.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 784 and a low of Rs 401 on BSE.

Current EPS & P/E ratio stood at 31.14 and 13.84 respectively.

IT education solutions supplier Educomp Solutions has pocketed two deals worth Rs 6.81 crore from administrations of Gujarat and Assam for formulating multimedia content for the state level educational institutions.

The company's ICT section, Edureach, has been granted these two projects by these administrations.

The overall contract value for both the deals stood at Rs 6.81 crore.

The said deal is for five years comprising updating of content according to the change of state syllabus.

In addition, the company said that its ICT division 'Edureach' has received a deal worth Rs 67.93 crore from Maharashtra administration for executing its solutions.

The said deal covers up 540 secondary as well as higher secondary schools from class V to XII.