Sunidhi Securities' report on RS Software (India) (RSSIL)
"Capitalizing on its core strength, RSSIL has defined its business strategy to work with the major stakeholders in the payments industry globally, and bring the best value to its customers. The cornerstone of RSSIL’s value proposition is its understanding of the payment transaction’s entire life cycle and a unique methodology customized for managing software applications for the electronic payment industry in the areas of development, maintenance, migration and support." "RSSIL is building a robust global sales engine that complements the high priority accorded to the company's dominant customers and leveraging at the same time unusual growth potential. Longer term operational and strategic planning is being put in place. At the CMP of Rs 116, the share is trading at a P/E of 3.5x on FY14E and 3.1x on FY15E. We recommend buy with a revised upward target price of Rs 165 (at a P/E of about 5.0x on FY14E) in the medium term," says Sunidhi Securities research report. Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
