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Nov 05, 2009, 05.34 PM IST
Anand Rathi Securities has recommended a buy rating on Bartronics India, with price target of Rs 225.
"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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