Geodesic has intraday target of Rs 103: Rupani

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Geodesic has intraday target of Rs 103: Rupani

Geodesic has intraday target of Rs 103, says Aunali Rupani, Director, ARM Research.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See previous views by Aunali Rupani See what other Experts & Brokerages are saying about Geodesic See messages about Geodesic Geodesic BSE | NSE 30/05/12 Are Mutual Funds betting on Geodesic?

Geodesic has intraday target of Rs 103, says Aunali Rupani, Director, ARM Research.

Rupani told to CNBC TV18, "Geodesic is a value buy, it has market cap of close to Rs 875 crore and a healthy reserves of Rs 750 crore. The company would deliver close to Rs 23 of earnings this year. The stock is trading at just 4 PE and if you compare the largecaps they are trading at close to 25-30 PE band and this is a midcap IT player trading at just 4 PE and there is recovery going on in the US. This will help boost sentiment in midcap IT stocks, target for the day Rs 103."

Disclosure: I have no personal holding in the stocks discussed, but have recommended it to my clients.