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CRISIL maintains valuation grade of 5/5 to Spanco

CRISIL Research has come out with its report on Spanco Ltd. The research firm has initiated coverage on the company with a valuation grade of 5/5, fundamental grade of 3/5 and maintained fair value of Rs 289 per share, in its July 28, 2011 report.

July 29, 2011 / 02:50 PM IST
 
 
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CRISIL Research has come out with its report on Spanco Ltd. The research firm has initiated coverage on the company with a valuation grade of 5/5, fundamental grade of 3/5 and maintained fair value of Rs 289 per share, in its July 28, 2011 report.

Spanco Ltd provides technology infrastructure services to the public sector, system integration services to telecom companies and BPO services to telecom and BFSI companies. A public sector project-heavy order book, power distribution franchise (DF) in Nagpur and a BPO order from Bharti Airtel in Africa are expected to trigger future growth. We maintain the fundamental grade of 3/5, indicating that Spanco

first published: Jul 29, 2011 02:45 pm

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