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Dec 10, 2009, 03.13 PM IST
Four Soft has target of Rs 40, says Satish Betadpur, Independent International Investment Research.
Betadpur told CNBC-TV18, “Four Soft is a midcap software stock, which has very low valuations. This stock is in the news because they won a big order from Singapore Shipping. They are not services oriented company but more of a software company. They are focused niche players, which is very interesting niche because the market needs quite big and this guys have a very good product at reasonably priced one.”
He further added, “The stock is trading at eight times and its run up in the last couple of days. So for an investor maybe we can wait for a pullback but if you can get at a lower price it would be good. The long term price target is upwards of Rs 40 but a day price target was Rs 32.”
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