![]() Hold NIIT Technologies: Parag Parikh ResearchPublished on Tue, Jan 19, 2010 at 18:46 | Source : Moneycontrol.com Updated at Tue, Jan 19, 2010 at 18:49
Parag Parikh Research has recommended hold rating on NIIT Technologies , in its January 16, 2010 research report. "NIIT Technologies reported a flat topline this quarter registering a 7% decline YoY. Despite that PAT grew 111% YoY. The topline was eroded by Rs. 128 Mn, on account of crystallization of hedging losses. In spite of this, the operating margins are at ~22%, excl. the hedging losses, the margins would be at 26%. At Rs 187 NIIT Tech trades at ~10 times P/E (TTM). With the overall outlook being positive and the odds of these expectations being already factored in, are very high. We recommend a HOLD for NIIT Technologies," says Parag Parikh 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
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