Stock market analyst VK Sharma maintained ‘Buy’ rating on Everonn Systems India to achieve an intraday target of Rs 399.
 
According to Mr. Sharma, investors can buy the stock around Rs 376 with a stop loss of Rs 368.

If the stock market remains positive, the next intraday target should be above Rs 401.

Shares of the company, on Wednesday (June 03), closed at Rs 379 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 17.13 & 22.48 respectively. The share price has seen a 52-week high of Rs 662 and a low of Rs 79.30 on BSE.

Everonn Systems India, in March 2009, received Letter of Intent (LoI) from West Bengal University of Technology for execution of Everonn Learning viaVSAT enabled classrooms in 147 colleges in the state.

The company will establish a studio at the West Bengal University campus from where the profs will take classes to pupils of different colleges.

Everonn Systems India Limited is a top education and training company providing an assortment of services, which include creating educational and training content of worldwide relevance; designing and implementing large learning initiatives and establishing the requisite infrastructure.

Being leaders in computer education, Everonn has signed up deals with a range of State Governments to bridge the digital divide by establishing computer lab infrastructure at schools as well as colleges and imparting IT education via specialized Everonn faculty under our ICT programme.