Previous Post (http://tanmaygopal.blogspot.com/2009/11/educomp-cmp-rs-780-stock-looks-bearish.html) talked about how EDUCOMP is weak and the Head & Shoulders broke down. The stock has hit Rs 550 low yesterday and now our downside target is over, still the stock looks very weak and current weak condition of overall market is adding to its weakness. I hold no view on this stock further.
Recent developments about EDUCOMP:
http://www.informationweek.in/Education/10-05-06/Dell_takes_aim_at_education_segment_by_partnering_with_Educomp.aspx Dell takes aim at education segment by partnering with Educomp
http://www.moneycontrol.com/news/buzzing-stocks/educomp-signs-jvlavasa-corp-to-setschools_453694.html Educomp signs JV with Lavasa Corp to set up schools
http://www.business-standard.com/india/news/educomp-pearson-jv-hopes-to-gainuid-project/394967/ Educomp, Pearson JV hopes to gain from UID project http://economictimes.indiatimes.com/news/news-by-company/earnings/earnings-news/Educomp-Solutions-Q4-net-up-9-per-cent-at-Rs-60-cr/articleshow/5926445.cms Educomp Solutions Q4 net up 9 per cent at Rs 60 cr
http://www.mydigitalfc.com/companies/educomp-bags-rs-5114-cr-order-bihar-govt-686 Educomp bags Rs 51.14 cr order from Bihar govt