HDFC Securities puts 'buy' on Bartronics India
HDFC Securities has initiated coverage on the stock with a ‘buy’ rating saying the fast growing AIDC (Automatic Identification and Data Capture) technology in India will further boost the company’s order book and topline.
Bartronics India
cmp: Rs 154.55
target price: Rs 234
HDFC Securities has initiated coverage on the stock with a ���buy��� rating saying the fast growing AIDC (Automatic Identification and Data Capture) technology in India will further boost the company���s order book and topline.
���The company���s market share of around 90-95% in smart card and RFID (radio-frequency identification) segments offers all AIDC solutions under one roof. The company���s early entry into smart card manufacturing, will help retain its dominance in the area,��� said HDFC in a note to its clients.
It expects the revenues and profits of the company to grow at CAGR of 72% and 78% over FY08 to FY10E (estimated). ���The stock is trading at 6.5 times and 3.8 times its FY09 (estimated) and FY10 (estimated) FDEPS (fully diluted earnings per share),��� said the note.
cmp: Rs 154.55
target price: Rs 234
HDFC Securities has initiated coverage on the stock with a ���buy��� rating saying the fast growing AIDC (Automatic Identification and Data Capture) technology in India will further boost the company���s order book and topline.
���The company���s market share of around 90-95% in smart card and RFID (radio-frequency identification) segments offers all AIDC solutions under one roof. The company���s early entry into smart card manufacturing, will help retain its dominance in the area,��� said HDFC in a note to its clients.
It expects the revenues and profits of the company to grow at CAGR of 72% and 78% over FY08 to FY10E (estimated). ���The stock is trading at 6.5 times and 3.8 times its FY09 (estimated) and FY10 (estimated) FDEPS (fully diluted earnings per share),��� said the note.
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