Aptech has target of Rs 132.5: Vishal Jajoo

Aptech has target of Rs 132.5, says Vishal Jajoo, Nirmal Bang Sec.

Jajoo told CNBC-TV18, "Aptech - basically the USD 60 billion Indian IT industry is observing the trends in the US, the downgrade by S&P of the US sovereign is applicable more towards government and sovereign securities rather than company specific securities or papers. So there are chances that managements are coming out and saying that probably the impact this time will not be as severe as aggressive as it was there in 2008 and the companies in the IT sector, which derive significant portion of the revenues from the US may not be impacted."
He further added, "Aptech which is there in training, again which is a case of derived services from the IT sector will not be impacted and we feel the stock has the potential that for the day it can reach a target of Rs 132.5 though over the medium to long term we have aggressive price target for this company."