CD Equisearch is bullish on D-Link has recommended buy rating on the stock with a target price of Rs 171 in its research report dated March 17, 2017.
CD Equisearch's report on D-Link
D-link (India), a subsidiary of D-Link Holding Mauritius Inc, markets and distributes networking products. It offers IT network infrastructure solutions - switching, security, wireless, IP surveillance, storage and structured cabling. TeamF1 Networks (P) Ltd, a subsidiary of D-Link (India), is engaged in development of high performance embedded networking and security software.
Team F1 recent alliances are no less dazzling - though revenue accruals would be least hastening. On balance, we retain our buy rating on the stock with revised target of Rs 171 (previous target: Rs 123) based on 18xFY18e earnings (peg ratio: 0.9), over a period of 9-12 months.
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