BNP Securities puts 'buy' on Rolta
BNP Paribas Securities has maintained its ‘buy’ rating on Rolta and price target of Rs 220, after its acquisition of Piocon, a move that is expected to generate revenues of $100 mn over the next three to four years.
By ET Bureau |
Rolta
cmp: Rs 119.45
target price: Rs 220
BNP Paribas Securities has maintained its ���buy��� rating on Rolta and price target of Rs 220, after its acquisition of Piocon, a move that is expected to generate revenues of $100 mn over the next three to four years.
���While the deal size itself is small and is unlikely to have an immediate material financial impact on Rolta, we are impressed by the company���s current strategic direction,��� the foreign bank said in a report.
���We remain positive on Rolta because the company stands out within its peer group with its niche market leadership, defensive-end market exposure, and high-revenue visibility,��� it added.
cmp: Rs 119.45
target price: Rs 220
BNP Paribas Securities has maintained its ���buy��� rating on Rolta and price target of Rs 220, after its acquisition of Piocon, a move that is expected to generate revenues of $100 mn over the next three to four years.
���While the deal size itself is small and is unlikely to have an immediate material financial impact on Rolta, we are impressed by the company���s current strategic direction,��� the foreign bank said in a report.
���We remain positive on Rolta because the company stands out within its peer group with its niche market leadership, defensive-end market exposure, and high-revenue visibility,��� it added.
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