Buy Core-education. FY 12 target stands at 330, FY 13 target stands at 400

Core-education & Technologies

Core-education and Technologies is one of India's leading company in e-learning space, along with Educomp Technologies.

The domain of e-learning is growing exponentially in India as more and more schools are moving towards digital learning space.

Company's fundamentals are very strong. In FY11, it earned EPS of 20 Rs. In 9-months of FY12, it has attained EPS of 21 Rs and likely to close this financial year with EPS of 30 Rs. Hence, even if we give conservative Price-to-Earning (PE) of 10-11X PE, the scrip should close at 300-330 Rs by this month end.

For FY13, it is expected to earn EPS of 40 Rs and with PE of 10X, the target price for FY13 stands at 400 Rs and hence, shows an upside of 40% from the current levels. DII and FII holdings is increasing gradually which indicates strong belief in this company's fundamentals.

Technically too, the stock is in bullish phase in short term. In weekly charts, the short term trend is on verge of breakout from long term levels which if happens, will take stock to 300 Rs.

Financial Results