Outperform NIIT Technologies, target Rs 675: Credit Suisse
The management expects growth pick-up Q2 onwards, expansion in FY17 EBITDA margins. The brokerage firm is of the view that lower capex should help cash flows.
By 
| Updated:
| Updated: Credit Suisse maintains an outperform rating on NIIT Technologies with a 12-month target price of Rs 675. The management reiterated its outlook of soft revenue growth in 1Q17.
The management expects growth pick-up Q2 onwards, expansion in FY17 EBITDA margins. The brokerage firm is of the view that lower capex should help cash flows.
The vertical specialisation helped the firm to win new deals despite being a smaller player.
At 10x FY17E P/E and 6 per cent FCF yield, stock looks attractive.
The management expects growth pick-up Q2 onwards, expansion in FY17 EBITDA margins. The brokerage firm is of the view that lower capex should help cash flows.
The vertical specialisation helped the firm to win new deals despite being a smaller player.
At 10x FY17E P/E and 6 per cent FCF yield, stock looks attractive.
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
