Stock market analyst Krunal Dayma has maintained 'buy' rating on Rolta India Limited stock with a target of Rs 190.

According to analyst, the strict stop loss for the stock will be Rs 173.

The stock of the company, on Nov 10, closed at Rs 177.75 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 210 and a low of Rs 160 on BSE.

Rolta India declared unaudited financial results for the three month period ended September 30, 2010.

The company's consolidated revenue for Q1 FY-11 grew by 22% to Rs 4.28 billion as compared to Rs 3.51 billion in Q1 FY-10.

Rolta's consolidated EBITDA for the period under review stood at Rs 1.70 billion as against Rs 1.26 billion in Q1 FY-10.

The consolidated PAT for Q1 FY-11 stood at Rs 747.7 million as compared to Rs 561.2 million in Q1 FY-10

While talking over the quarterly results, Mr. K. K. Singh, chairman and managing director, stated, "The company continued to make strategic investments in creating intellectual property through in-house initiatives, coupled with acquisition of best-of-class technologies."

"This approach is beginning to bear fruit, with the Company now offering differentiated solutions that not only command higher value, but also establish a growing base for annuity revenues and improved margins," Mr. Singh added.

During the last month, the company entered into a deal with The Mariner Group of the United States and has bought the entire portfolio of CommanBridge security technologies comprising design, source code and software architecture via this deal.