Buy Rolta India With Stoploss Of Rs 156: Ashwani Gujral

Submitted by Sunil Kashyap on Fri, 11/06/2009 - 11:23

Stock market analyst Ashwani Gujral has maintained 'Buy' rating on Rolta India to achieve a short term target of Rs 200.

According to Mr. Gujral, interested traders can buy the stock with a strict stop loss of Rs 156.

Today, the shares of the company opened at Rs 168.50 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 25.11 and 6.80 respectively. The share price has seen a 52- week high of Rs 206.25 and a low of Rs 40.70 on BSE.

Rolta India posted a growth of 9.6% in its consolidated net profit, which stood at Rs 561.2 million for the three month period ended Sep 30 as against Rs 512 million in the same period last year.

The company's consolidated revenue for Sep. 2009 was Rs 3,504.9 million and its EBITDA zoomed 11.6% to Rs 1,254.8 million in the quarter.

Rolta India, in Oct 2009, has announced that it would lift up approx $250 million from national or international market.

The company would lift the said amount via different instruments such as ADRs/ GDRs/ FCCBs / QIPs / warrants or private placements of any other type of convertible securities.


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