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Jun 09, 2017 08:01 AM IST | Source: Moneycontrol.com

Buy D-Link; target of Rs 171: CD Equisearch

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.


Outlook


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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Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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