Buy Core Projects; target of Rs 325: Anand Rathi Securities

Anand Rathi Securities is bullish on Core Projects & Technologies and has recommended buy rating on the stock with a target of Rs 325, in its August 16, 2010 research report.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Tech Control
moneycontrol.com

Home » News » Recommendations

Aug 17, 2010, 04.10 PM | Source: Moneycontrol.com

Buy Core Projects; target of Rs 325: Anand Rathi Securities

Anand Rathi Securities is bullish on Core Projects & Technologies and has recommended buy rating on the stock with a target of Rs 325, in its August 16, 2010 research report.

Like this story, share it with millions of investors on M3

Buy Core Projects; target of Rs 325: Anand Rathi Securities

Anand Rathi Securities is bullish on Core Projects & Technologies and has recommended buy rating on the stock with a target of Rs 325, in its August 16, 2010 research report.

Post Your Comments

Share Cancel

Ashish Chaturmohta (more)

Vice President Retail Research (Derivatives and Technical Desk), Anand Rathi Securities | Capital Expertise: Equity - Technical

Anand Rathi Securities is bullish on Core Projects & Technologies and has recommended buy rating on the stock with a target of Rs 325, in its August 16, 2010 research report.

“Core Projects & Technologies’ (CPTL) 1Q revenue grew 17.5% yoy. It now has an order book of Rs 6.5 billion. Higher-than-expected product/ license revenue resulted in higher blended margin, which expanded 844 bp yoy. We re-iterate our Buy rating and target price of Rs 325. CPTL’s 1QFY11 revenue was Rs 2201 million (+17.5% yoy; -8% qoq). Margins of 36.3% (+844bp yoy;- 114bp qoq). Revenue in the Education business came at Rs 1694 million (+25.1% yoy; -8.3% qoq). This was chiefly led by product / license sales of Rs 610 million (+49% yoy; -20.9% qoq). Consolidated net profit was Rs 433 million (+7.2% yoy; -21% qoq). At our target price of Rs 325, the stock would trade at 16x FY11e earnings. At this valuation, CPTL would trade at a ~20% discount to Educomp and the industry average.,” says Anand Rathi Securities research 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.

 

To read the full report click here

Buy, Hold, Sell ? Hear it first on M3
Buy Core Projects; target of Rs 325: Anand Rathi Securities

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login