Educomp Solutions has target of Rs 180: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that Educomp Solutions has target of Rs 180.

Sukhani told CNBC-TV18, "Educomp Solutions had an USD 80 million FCCB loan and they took a USD 150 million to pay the USD 80 million but that USD 150 million also has to be repaid, it is not a gift but the market has rejoiced as if it is a Diwali gift."
He further added, "The target of Rs 180 seems to be coming for Educomp and it is possible that in this market even though everything is going down, Educomp can go up, at which point it will become an excellent selling opportunity."
The company's trailing 12-month (TTM) EPS was at Rs 40.53 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 4.18. The latest book value of the company is Rs 166.41 per share. At current value, the price-to-book value of the company was 1.02. The dividend yield of the company was 0.35%.