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Buy Omnitech Infosolutions, target of Rs 90: India Infoline
India Infoline has recommended a buy rating on Omnitech Infosolutions with a target price of Rs 90. Over the last decade, Omnitech has evolved from a third party services provider to a computer assembler to a system integrator to a diverse technology services provider.
India Infoline has recommended a buy rating on Omnitech Infosolutions with a target price of Rs 90 in its January 5, 2009 research report. "Over the last decade, Omnitech has evolved from a third party services provider to a computer assembler to a system integrator to a diverse technology services provider. System integration (SI), which contributed 90.5% of revenues in FY03, currently forms 27.5% of the company. Driven by management's focus and the underlying opportunity, high-growth high-margin services such as IMS, AMS, Testing and Disaster Recovery (all incubated over last five years) form majority 72.5% of revenues presently. Buy, target of Rs 90," says India Infoline's research report.
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