SENSEX NIFTY
May 14, 2008, 10.42 AM IST | Source: Moneycontrol.com

Buy Nucleus Software, tgt Rs 386: HEM Securities

HEM Securities has maintained buy rating on Nucleus Software with target price of Rs 386. The stock at the current market price of Rs 268 is trading 14.28 times to its earnings and 5.56 times to its book value and is expected to provide handsome return in medium to long term

HEM Securities has maintained buy rating on Nucleus Software with target price of Rs 386 in its May 12, 2008 research report. "The company has shown strong growth in its top line and bottom line which grew at CAGR of 39% and 56% respectively due to strong market penetration both domestically and internationally. The company is having health order book position and diversified product portfolio catering to the need of banking and non banking financial institution across the globe. The stock at the current market price of Rs 268 is trading 14.28 times to its earnings and 5.56 times to its book value and is expected to provide handsome return in medium to long term. Therefore we are initiating BUY signal on the stock with the target price of 386 which is approximately 44% up from the current market price of Rs 268" according to HEM 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.

For further details click on attachment......

To read the full report click here

Set email alert for

ADS BY GOOGLE

video of the day

Positive on PSU banks; NPA cycle may have peaked: Barclays

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.