Buy Rolta With Stop Loss Of Rs 166.80
KRChoksey has maintained its buy rating on Rolta India Limited stock with a target of Rs 175.
The interested investors can sell the stock at Rs 169.80 with a strict stop loss of Rs 166.80.
The stock of the company, on Oct 07, closed at Rs 169.20 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 210 and a low of Rs 158 on BSE.
The company is eyeing to develop by over 15% in fiscal 2012, as the licenses inked in 2010 start fetching profit as the company taps chances in a resurgent domestic market.
The company, which follows a July-June financial year, eyes to develop by around 12-15% during 2010-11.
For the fiscal year 2011, Rolta anticipates its operating margins remain flat at 37-38%.
Rolta has been eyeing to get hold of software intellectual properties (IP) in the $5-$20 million range.
Approximately 60 percent of the company's income comes from India and it foresees big growth chances in the domestic defence, utilities and homeland security segments.
