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Buy Educomp Solutions; target of Rs 550: Bonanza
Bonanza is bullish on Educomp Solutions (ESL) and has recommended buy rating on the stock with a target of Rs 550 in its April 19, 2011 research report.
Bonanza is bullish on Educomp Solutions (ESL) and has recommended buy rating on the stock with a target of Rs 550 in its April 19, 2011 research report.
"Educomp Solutions (ESL) is an Information & Software product provider in the education industry. Educomp Group reaches out to over 26,000 schools and 15 million learners and educators across the world thru its various products like SmartClass, K-12 schools, online supplemental solutions and higher learning & vocational education institutes."
"After taking good support at 400 levels, the stock has given a price breakout with increased volumes on the daily chart. The stock is trading above its 20 SMA and with the strong closing on 13th April, it has also breached its 50 days SMA and is moving upwards. MACD and RSI trading with upward bias also support the bull run of the stock. We recommend a buy on the stock with stop loss at Rs 414 for the target of Rs 550," says Bonanza research report.
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