Buy Accelya Solutions India, target price Rs 1660: ICICI Direct

ICICI Direct has buy call on Accelya Solutions India with a target price of Rs 1660. The current market price of Accelya Solutions India is Rs 1466.

Time period given by analyst is 3 months when Accelya Solutions India Ltd. price can reach defined target.
Accelya Solutions India Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 2207.44 Crore) operating in IT Software sector.


Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 75.82 Crore, up 2.89 % from last quarter Total Income of Rs 73.69 Crore and down -33.84 % from last year same quarter Total Income of Rs 114.60 Crore. Company reported net profit after tax of Rs 10.89 Crore in latest quarter.

Investment Rationale
The brokerage expects the stock to head towards target of Rs 1660 being 80% retracement of entire 2017 to 2019 decline(Rs 1890-701).