Tentatively when price would be 300 plus- Any specififis reason to go low?
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.