Technical analyst Ashish Chaturmotha has maintained 'buy' rating on Educomp Solutions Limited stock to achieve a short term target of Rs 550.

According to analyst, the interested investors can buy the stock with a stop loss of Rs 490.

Today, the stock of the company opened at Rs 507 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 789.80 and a low of Rs 401 on BSE.

Current EPS & P/E ratio stood at 31.14 and 15.84 respectively.

In the third quarter of the fiscal 2010-11, Educomp Solutions Limited carried out Smart Class Solutions in 7,085 classrooms crosswise 949 educational institutions.

Now, SmartClass extends to 5534 schools and 3.9 million pupils.

Besides, Educomp Solutions Ltd has taken part in tenders covering approximately 20,000 educational institutions in the states of Gujarat, Maharashtra and Haryana for ICT.

Educomp Solutions Ltd registered a net profit of Rs 1120.297 million for the three month period ended December 2010 as against Rs 641.346 million for the same period of last year.

Company's total income surged to Rs 2824.453 million for the quarter from Rs 2159.536 million during the same period of last fiscal.

The company's consolidated net profit after minority interest stood at Rs 967.060 million for the quarter whilst total income reached to Rs 3661.881 million for the quarter ended December 2010.