Hot Chips - Educomp Solutions

Educomp Solutions     BSE Code: 532696     Volume: 386430     CMP: Rs 1945.50

The counter has corrected sharply in the last one week and has lost more than 25 per cent during the same period. However, it witnessed such a decline despite some positive developments that has taken place over a week’s time. A broker expects this counter to move up briskly in the near future and has given a buy call on the counter with the target of 10-15 per cent on the CMP. There are very few listed players in the education domain and this company is aggressive in terms of pursuing growth. The counter has constantly found investors' fancy and has been able to attract huge volumes on both the bourses. And the counter has also witnessed significant addition of open interest in the futures and options space. A derivative strategist has put a buy call on the counter expecting decent increase in price as well as volumes. Thus high risk investors can consider this counter for investment with short-term to medium-term perspective to make a quick buck.