Buy Aptech Ltd., target Rs 200.0 : Ashish Maheshwari

Ashish Maheshwari of Blue Ocean Strategic Advisors has Buy call on Aptech Ltd. with a target price of Rs 200.0. The current market price of Aptech Ltd. is 174.5. Time period given by analyst is year, when Aptech Ltd. price can reach defined target. "If we see the business model, this is truly Indian originated global education company which is present in almost 40 countries and 1300 odd centres are there. As far as their product portfolio is concerned, they are having almost nine education brands with them and recent tie-up with Flipkart to provide e-commerce education is also quite positive for the company," said Maheshwari. "In last three months, there is a lot of changes in the top management and the new activity related to software testing and developments which even the company intent to scale up looks promising for the company," he added. Market cap is still quite attractive, less than Rs 700 crore and going forward I am expecting that this stock can even cross Rs 200 mark so this is a good buy at this point of time also, he added.