Technical analyst Simi Bhaumik has maintained 'buy' rating on Educomp Solutions Limited stock with an intra-day target of Rs 467.

Mr. Bhaumik said that the stock can be bought with a stop loss of Rs 444.

The stock of the company, on April 04, closed at Rs 450.70 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 14.44 respectively.

The company has bagged two agreements valued at Rs 6.81 crore from Gujarat and Assam governments for creating multimedia content for the state level educational institutions.

Educomp's ICT arm, Edureach, pocketed these two deals by the administrations of two states.

The deal bagged from Gujarat administration is for growth and setting up of 2D/3D based multimedia content crosswise all educational institutions of the state and growth of web portal for learning management.

In the state of Assam, Educomp has inked a contract with Axom Sarba Siksha Abhijan Mission, Government of Assam for presenting Computer Aided Learning solutions in around 2,199 middle educational institutions of the state.

Educomp Solutions recorded a growth of 58.03% year on year in its consolidated net profit after minority interest, which stood at Rs 967.06 million for the three month period ended December 2010.

Company's total income grew by 32.70% year on year to Rs 3.66 billion for the same period of last year.