Nov 13, 2012
After the company posted a 1.65 per cent increase in profit after tax to Rs 31.25 crore for the quarter ended September 30, 2012, we are re-rating this stock and assign a valuation of 5.3 times its EPS. We are looking at Rs 180 for this stock in the next 2 months.
Currently the stock is trading at Rs 162.152.80 (+1.76%). The stock has the potential to move over 200 rupee per piece if the over all IT margin pressure starts improving.