CORE PROJECTS AND TECHNOLOGIES LTD

COMPANY PROFILE
Core Projects & Technologies Ltd is India's largest global education company founded in 2003 and achieving 100% annual growth rate with an Annual Revenue of $145 Million in 2009-10.It is listed in NSE and BSE and is rated as the Fastest Growing IT Company in the state of Maharashtra.


FINANCIAL HIGHLIGHTS
Consolidated Income increased by 51.8% from Rs.4462.92 mn in 2007-08 to Rs.6774.95 mn in 2008-09.
EBIDTA increased by 104.66% from Rs. 1050.23 mn in 2007-08 to Rs.2149.7 mn in 2008-09
EBIDTA margins increased from 23.53% in 2007-08 to 31.73% in 2008-09
PAT increased by 68.9% from Rs. 847.83 mn in 2007-08 to Rs.1432.03 mn in 2008-09.
Net Profit margin increased from 19% in 2007-08 to 21.14% in 2008-09.


TECHNICAL VIEW

The stock has a resistance at 180 in the short term. A move above 180 can target 220-240 in the short term. In the past few sessions the stock has attempted to breach the resistance on good volumes. Maintain buy at current market price with a stop loss of 170 for short term traders.Medium term traders can hold the stock for higher targets in due course of time.