Quotes with Resistance & Support
Market Information

Accumulate NIIT Technologies: Parag Parikh

Posted on: May 27th, 2009 and is filed under Brokerage Recommendations.

Parag Parikh Financial Advisory Services has recommended an accumulate rating on NIIT Technologies in its May 27, 2009 report.

“NIIT Technologies reported a subdued Q4 with consolidated revenues down 9% from Q3 at Rs 2270 million from Rs 2485 million. A Rs 221 million loss on account of crystallization of effective hedges was realized this quarter. Operating margins for the quarter remain flat at 18% (incl. hedging losses) & 25% (excl. hedging losses). The company reported a 57% growth in Q4 PAT at Rs 263 million recovering from a steep drop in Q3FY09 at Rs 167 million. In Q4 the impact on the topline is registered due to three main factors, Currency, Hedging & Volume; which contributed a negative 3%, 1% & 4% respectively.”

“One outlook that looks positive for the company would be, as rupee gets stronger the extent of forex related losses reduces. As of FY09, the company is available at 5.4x, we recommend to ‘ACCUMULATE’ at 5x at Rs 95,” says Parag Parikh Financial Advisory Services’ research report.

source: Moneycontrol

Tags: , , , , , , , ,

Similar Posts:


+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
Status: Awaiting reply

Market Stats

Search Our Archives

Latest Investment Idea

Recent Comments