PINC research has come out with report on HOV Services . They have maintained buy rating on the stock with target price of Rs 347, in a report dated on November 12, 2007.
"HOV Services Ltd. (HOVS), a mid sized India based BPO player, has raced up the league standings to be counted amongst the Top 10 offshore BPO players from India in FY08. This has been primarily aided by its acquisition of Lason Inc in Feb'07, which enabled it to secure a well entrenched position in the BFSI and Healthcare verticals, along with focussed offerings in Telecom, Government, Media/Publishing and Manufacturing domains. Its strategy, post acquisition, has been to broadbase its service offerings, mine Lason's large client pool and exploit cross selling and account scale up opportunities. We therefore, initiate coverage on HOVS with a price target of Rs347 on an investment horizon of 12 months which leaves substantial upside potential from current levels." Says PINC research report.
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