Baliga told CNBC-TV18, "This is in a space which is in vogue right now basically education, e-governance software services. They have mainly 3500 government schools and catering to around 10 lakh students. Compucom Software has shown an EPS of Rs 3.5 this year, expecting around Rs 4.75 for FY11 and it's a dividend paying company."
He further added, "It's not a very low price stock because its Rs 2 paid up in fact its quoting at around Rs 85 if you multiply by 5. But it is not a future Educomp Solutions; I would say it's a poor cousin of Educomp. You can compare that with Core Projects & Technologies to a certain extent but this stock hasn't performed in the recent past. So looking at the EPS estimates, we are expecting that this stock should go to levels of around Rs 24-25."
Disclosure: You can assume that I have investments in the above stock but it's a very small portion which I am willing to lose.
