Buy Edserv Softsystems, target of Rs 180: Hem

Buy Edserv Softsystems with a target price of Rs 180, says Hem Securities' research report.
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Sep 25, 2009, 11.22 AM | 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.

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Buy Edserv Softsystems, target of Rs 180: Hem

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

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, Hem Securities |

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.

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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