Anand Rathi Securities has recommended a buy rating on Bartronics India , with price target of Rs 225, in its report dated November 3, 2009. The stock closed at Rs 139.25 on November 5, 2009.
"Bartronics' 1QFY10 net profit jumped 121% yoy to Rs 352 million due to margin expansion and mark-to-market forex gain on the FCCBs. Given its robust order book, we retain our target price of Rs 225 and Buy rating," says Anand Rathi Securities report.
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