Buy UTV Software; target of Rs 597: Fairwealth Sec

4644 Investors following UTV Software. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy UTV Software; target of Rs 597: Fairwealth Sec

Fairwealth Securities is bullish on UTV Software and has recommended buy rating on the stock with a target of Rs 597, in its August 11, 2010 research report.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See previous views by Fairwealth Securities See what other Experts & Brokerages are saying about UTV Software See messages about UTV Software UTV Software BSE | NSE 07/03/12 Are Mutual Funds betting on UTV Software?

Fairwealth Securities is bullish on UTV Software and has recommended buy rating on the stock with a target of Rs 597, in its August 11, 2010 research report.

"UTV Software is looking to scale up its broadcasting and gaming business. In console gaming business, the company has invested around USD 70 million so far. It would induct a strategic partner in the subsidiary, for divesting as much as 50% stake to ensure good synergy for distribution and marketing of its games. Cash generated through divestment would be used to retire some of its debt to raise its flexibility in the future.   At Current market price of Rs486, the stock is available at a P/E of 18.35x of its FY11E earnings, and 15.2x of its FY12E earnings. We recommend a BUY with target price of Rs597, given that company's future shows potential," says Fairwealth Securities 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