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Buy Genesys International; tgt Rs 200: Anagram
At CMP of Rs 120, stock is trading at 6 times FY09 expected earnings of Rs 20 per share. We are recommending investors to buy the stock with a target of Rs 200. ( 66% upside).
Anagram Research has recommended buy rating on Genesys International , with price target of Rs 200, in its report dated August 9, 2008.
"A multi-national corporation with offices in Europe, United States of America and India. A world-class Geospatial Solutions provider and Indian partner of one of global majors in the GIS space. Specializes in the generation, manipulation, management, and maintenance of data for GIS. Over 350 Geospatial resources dedicated to the geo-data conversion market. A play on fast growing location based services market. Navigation services is a fast growing business, and with location-based services expanding rapidly into mobile communications devices, the industry is poised for even further growth. At CMP of Rs 120, stock is trading at 6 times FY09 expected earnings of Rs 20 per share. We are recommending investors to buy the stock with a target of Rs 200. ( 66% upside)".
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