Karvy Stock Broking Limited has maintained ‘Buy’ rating on Rolta India stock to achieve a target of Rs 145 -150 in 1-2 days.

According to Karvy, interested traders can buy the stock above Rs 135 with a strict stop loss of Rs 130.

Today (July 21), the shares of the company opened at Rs 140 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 19.85 and 6.93 respectively. The share price has seen a 52-week high of Rs 360 and a low of Rs 40.70 on BSE.

Apart from Karvy, stock market analyst, Ashwani Gujral is of the view that Rolta India can head upto Rs 155-160.

It is apparent from the company’s charts that it has been climbing, attaining higher peaks and higher troughs since early March low of Rs 40, which is in actual fact its 52-week low.

But, after recording a high of Rs 152 on June 10, Rolta India was on a corrective reduction till Rs 105 and found support.

The stock has surged over 10% over the past two trading sessions, strengthening the uptrend. Both the daily and weekly relative strength index (RSI) are also moving towards the optimistic zone in the neutral region.

For the three month period ended March 31, 2009, Rolta India declared a phenomenal growth of up to 2.03 times in its consolidated net profit, which stood at Rs 1,331.40 million after tax, minority interest and exceptional item as against Rs 657.20 million in the same quarter last year.

The company’s consolidated total income stood at Rs 3,401.40 million.

The company’s standalone net profit during the same period rose 2.03 times to Rs 1,600.70 million.

Net sales during the quarter zoomed 8.35% to Rs 2,446.80 million, whereas total income for the quarter surged 7.45% to Rs 2,536.10 million.