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Sep 25, 2009, 11.22 AM IST | Source: Moneycontrol.com

Buy Edserv Softsystems, target of Rs 180: Hem

Buy Edserv Softsystems with a target price of Rs 180, says Hem Securities' research report.

Hem Securities has recommended a buy rating on Edserv Softsystems with a target price of Rs 180 in its September 23, 2009 research report. At 11:16 am, the share was quoting at Rs 129.40, up Rs 1.25, or 0.98%.

"The management is very optimistic in their guidelines and expects company’s EPS to become Rs.15 by the next financial year. Based on the management discussion and strong financial performance, the company seems to have a bright future. This year the company has already given a guideline of 300% growth. We are positive on the company’s outlook and we recommend 'BUY' on stock with a medium term price target of Rs 180," says Hem Securities' research report.

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