Educomp Solutions drops on expansion plans

Educomp Solutions slipped 1.18% to Rs 4115 at 14:59 IST on BSE on reports the company plans to invest up to Rs 800 crore to set up 150 schools in the next four years.

Meanwhile, BSE Sensex was down 48.30 points or 0.27% to 18,066.95.

On BSE, 42,564 shares were traded in the counter. The scrip had an average daily volume of 40,797 shares in the past one quarter.

The stock hit a high of Rs 4245.70 and a low of Rs 4081.05 so far during the day. The stock had a 52-week high of Rs 5650 on 17 January 2008 and a 52-week low of Rs 833 on 28 February 2007.

The education services firm had underperformed the market over the past one month till 15 February 2008, declining 24.71% compared to the Sensex's decline of 8.05%. It had outperformed the market in the past one quarter, gaining 27.11% compared to Sensex's decline of 8.04%.

The company's current equity is Rs 17.25 crore. Face value per share is Rs 10.

The current price of Rs 4115 discounts its Q3 December 2007 annualized EPS of Rs 44.16, by a PE multiple of 93.18.

Educomp Solutions' net profit rose 39.65% to Rs 19.02 crore on 59.15% growth in net sales to Rs 71.52 crore in Q3 December 2007 over Q2 September 2007.

Educomp Solutions is a technology-driven, e-learning solutions provider specializing in creation, management and delivery of learning content.

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