Look at Intellect Design: Mehraboon Irani

Mehraboon Irani of Nirmal Bang Securities told CNBC-TV18, "The management of Intellect Design has upgraded the guidance from 26 to 30 percent and if that happens in the next two or three quarters, we are expecting the company to report a positive profit before tax (PBT). Apart from that, the new products which the company has launched, 15 new deals which it has backed, in one of the segment in which you can expect the company to grow. Besides that it is grown in a couple of other sectors also. There has been quite a few positive things."In this company the business model is a little bit complicated. However, the company seems to be moving in the right direction. The management has up the guidance and the market has given it thumbs up. If all goes well, this stock could gain some more traction may be 20-40 percent higher. One has to be looking at this company because at the end of it all there are quite a few companies in the IT space which have become much bigger than what they were when they started," he said."Whenever the company is going to turn into green as far as the bottomline goes, the market will give it much bigger thumbs up than what it has given right now. So, I don’t know whether Rs 350-400 will come for the stock but if it comes I will not be surprised." "I personally feel that if this company achieves the guidance even the lower range of what it has given post the numbers we expect the company to break even on the PBT over the next two or three quarters. Plus 15 new deals which the company has backed, the management commentary is very upbeat. The stock is getting a lot of traction." "This is a company which is not very easy to understand,. It is not a normal IT company it is in segment which is complicated, but company so far has shown distinct signs that it is attending success. So, as it goes forward and if the performance remains good for one to two quarters, I personally feel more and more people are going to turn positive on this particular stock."