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Sunday, February 3, 2008

Bartronics India

Angel Broking has recommended buy on Bartronics India with a target of Rs 364 in its report dated 30 January 2008. "Bartronics India is a company operating in the automatic identification and data capture solutions segment. BIL enjoys a pre-eminent position in the Indian AIDC segment, and is all geared up to record strong growth going ahead. It is set to leverage the strong growth expected in the Retail sector. The company is also the only smart cards manufacturer in India and this segment is expected to surge on strong demand from the Telecom, Banking and Government sectors. We expect BIL to record CAGRs of 128% and 115% in topline and bottomline respectively over FY2007-10E. At the cmp, the stock is trading at .5x FY2010E EPS on the fully diluted equity capital. We Initiate Coverage on the stock, with a Buy recommendation and 15-month Target Price of Rs364." says Angel Broking Research Report
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