Buy Bartronics because of unique identification project: Ambareesh Baliga

Ambareesh Baliga, VP, Karvy Stock Broking Ltd in a chat with ET Now talks about his recommendation on Bartronics.

You have recommendation on Bartronics. Why do you like the stock and why are you recommending it to clients?

One clear reason is the unique identification project. There is a lot of support from the government for this and it should take off much sooner than expected and Bartronics would be one of the major beneficiaries of this possibly in the second or the third stage which should happen in the next 12 to 15 months. We look at Bartronics as a doubler from here. That’s the minimum we are looking at.