Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
1253.75
Change Change %
-19.65 -1.54%

Updated:21 Sep, 2018, 11:49 AM IST

BSE
1253.35
Change Change %
-18.35 -1.44%

Updated:21 Sep, 2018, 11:47 AM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Religare
N/A
18-10-2016 Buy 415.75 530.00
N/A
Target Hit Long (1Y)
18-10-2017

Religare maintains buy on NIIT Technologies

Religare has maintained "buy" call on NIIT Technologies but reduced target price on the stock to Rs 530 from Rs 550 earlier. NIIT Tech's Q2 earnings were in-line with estimates. Fresh order intake of NIIT Tech was solid, which provides revenue visibility and should drive margins. Management expects Q3 to be slower than Q2, but H2 to be better than H1. While higher tax rates primarily drive our FY17/FY18 EPS cuts of 13 per cent/ per cent, the stock looks cheap is cheap at 14 per cent free-cash-flow yield and 8 times FY18 estimated earnings.

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