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Motilal Oswal has upgraded its rating on Patni Computer Systems to buy with a target price of Rs 493 in its September 29, 2009 research report. At 15:19 pm, the share was quoting at Rs 460.00, up Rs 13.00, or 2.91%.
"We have upgraded our earnings estimates for CY10 by 25%, building in [1] higher CY10 US$ revenue growth at 12.7% v/s 9.4% earlier, [2] greater resilience in margins and [3] higher other income on lower capex expectations. We upgrade the stock to 'Buy' with a target price of Rs 493," says Motilal Oswal's 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.
To read the full report click on the attachment......
Attachments : PATNI-20090929-MOSL-CU-PG008.pdf |
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