Target 300 for Omnitech Info in next 3 months

Ganesh Shanbhag, SMS Financial Services, in a chat with ET Now talks about Oil India, Omnitech Info.

It is in the midcap space and we have a lot of companies which need IT support and Omnitech actually fits into that slot amicably well.

ET Now: What are the targets that we need to watch out for Oil India, Omnitech Info?

Ganesh Shanbhag: Oil has a history of just one year of listing. It is getting one year tomorrow after the IPO but medium term target would be around Rs 1800. It is undercapitalised as of now and under researched also relatively. So it looks pretty interesting and Omnitech if you go to see, it is in the midcap space and we have a lot of companies which need IT support and Omnitech actually fits into that slot amicably well. There is an acquisition lined up in Omnitech and they are issuing some CCPSs also which will get converted over a period of time. So we are giving a call of around Rs 300 over a 3-month period in Omnitech.
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