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I have NIIT Tech 500 shares @315 when it goes up. please sug.

About: Company: NIIT Technologies Ltd.

Tags: shares, tech, niit
Asked by vincent, 21 Dec '07 04:39 pm
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Answers (1)


Emkay change its recommendation from SELL to BUY post ~32% price correction.

Some highlights in its support are
-Revenues from Room Solutions to pick up Q4FY08 onwards
-Foray into the US market with the Room offering in the near future
-Adecco JV progress is in line, further headcount ramp up in the next few quarters (NTL had already secured a multi yr, multi mn deal
under this JV and expects further traction in winning new clients through the Adecco partnership)
-Net employee addition for FY08 to be in line with earlier indication

Emakay has introduce Fy10E estimates for NTL (based on a US$/Re exchange rate of Rs 37/1$) and expect it to record revenue, EBITDA and earnings CAGR of 14.3%, 12.7% and 10.8% respectively over FY07-10. FY08E has been a transition year for the company with the momentum expected to pick up from Q4FY08 onwards.
Answered by Swapan Dutta, 26 Dec '07 01:59 pm

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