8476 Investors following Financial Tech. Share this News with them.
0
Like this story, share it with millions of investors on M3
Buy Financial Tech; target of Rs 1606: Motilal Oswal
Motilal Oswal is bullish on Reliance Communications and has recommended buy rating on the stock with a target of Rs 1606, in its August 12, 2010 research report.
Motilal Oswal is bullish on Financial Technologies and has recommended buy rating on the stock with a target of Rs 1606, in its August 12, 2010 research report.
"Financial Technologies' (FT) standalone revenue ( Rs 0.74 billion versus our estimate of Rs 0.82 billion ) and EBITDA margin (39.1% versus our estimate of 48.7%) for 1QFY11 were below expectations, though PAT (at Rs 0.45 billion ) was in-line on lower than anticipated taxation on higher export revenues. FT's standalone revenue for the quarter was Rs 0.74 billion (up 25.8% YoY, down 11.9% QoQ), EBITDA margin was 39.1% (down 620bp QoQ) and PAT was Rs 0.45 billion (up 120% YoY and 3% QoQ) on lower effective tax rate of 4.5%.We remain positive on the stock from a longer-term perspective and maintain Buy with an SOTP-based target price of Rs 1606," says Motilal Oswal 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 beforetaking any investment decisions.
