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Nov 05, 2009, 05.34 PM IST

Buy Bartronics India, target Rs 225: Anand Rathi

Anand Rathi Securities has recommended a buy rating on Bartronics India, with price target of Rs 225.

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Buy Bartronics India, target Rs 225: Anand Rathi
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.


Disclaimer: The views and investment tips expressed by investment experts 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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