Buy UTV Software With Stop Loss Of Rs 495

Buy UTV Software With Stop Loss Of Rs 495Stock market analyst D Prasad has maintained 'buy' rating on UTV Software Communications Ltd stock to achieve a target of Rs 565.

According to analyst, the interested investors can buy the stock with stop loss of Rs 495.

Mr. Prasad said that the investors can attain the said target within a period of 15 days.

The stock of the company, on August 18, closed at Rs 518.70 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 28.99 and 18.55 respectively.

The share price has seen a 52-week high of Rs 577.50 and a low of Rs 375 on BSE.

UTV Software Communications Ltd, which is India's first integrated international media and entertainment company, owns five business verticals that consists of TV content production & services, interactive, broadcast, motion pictures, and new media.

The company is eyeing to roll out 12 flicks in 2010, out of which two films including 'I hate luv stories' and 'Rajneeti', have already released.

It is likely to earn revenue worth Rs 450 crore during the existing fiscal that will be 95% up as against the last fiscal (2009-10).

It also said that it wants to strengthen its broadcasting and gaming biz in the existing financial year.