Analysts' picks : HTMT Global
PINC expects modest growth rates going forward. Valuations, it feels, are at a significant discount to peers while net cash on the books of Rs 259 per share is currently greater than the CMP of the stock, which offers value at a cheap price.
By ET Bureau |
HTMT Global
cmp: Rs 161.50
target price: Rs 255
Pinc has initiated coverage on HTMT Global Solutions with a ���buy��� rating as it feels that the company has a well-established presence in the domestic market and that its future acquisitions would help it to tap global market opportunity. ���HTMT was one of the early players to tap the domestic market, which now contributes around 19% of sales with Airtel being a client since 2005 and contributing 15% of sales,��� says the report.
PINC also believes that future acquisitions would enable Hinduja Group company HTMT to vouch for a pie of the untapped potential that the outsourced BPO market offers. PINC feels that this Hinduja Group company has a strong focus on vertical-based service offerings such as customer care and transaction processing can enable it to tap a market opportunity of around $90-127 bn.
Although PINC expects modest growth rates going forward. Valuations, it feels, are at a significant discount to peers while net cash on the books of Rs 259 per share is currently greater than the CMP of the stock, which offers value at a cheap price.
cmp: Rs 161.50
target price: Rs 255
Pinc has initiated coverage on HTMT Global Solutions with a ���buy��� rating as it feels that the company has a well-established presence in the domestic market and that its future acquisitions would help it to tap global market opportunity. ���HTMT was one of the early players to tap the domestic market, which now contributes around 19% of sales with Airtel being a client since 2005 and contributing 15% of sales,��� says the report.
PINC also believes that future acquisitions would enable Hinduja Group company HTMT to vouch for a pie of the untapped potential that the outsourced BPO market offers. PINC feels that this Hinduja Group company has a strong focus on vertical-based service offerings such as customer care and transaction processing can enable it to tap a market opportunity of around $90-127 bn.
Although PINC expects modest growth rates going forward. Valuations, it feels, are at a significant discount to peers while net cash on the books of Rs 259 per share is currently greater than the CMP of the stock, which offers value at a cheap price.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
