Sunday, September 14, 2008

New Investment Idea

ROLTA INDIA LTD

CMP - 319-320

Recommendation - BUY

Perception - Rolta India Ltd. is a Mumbai based software company catering sectors like Infrastructure, Power and Defence sectors. The are the engineering service providers to these sectors. Looking forward to the Nuclear Deal scenario, ROLTA India Ltd. could be a major gainer in its sector. The have already done a JV with Stone and Webster France. Stone and Webster is into development of process flow diagrams, mass & energy balances, control & operational philosophy, basic equipment sizing, equipment specifications and conceptual equipment layout. France is already willing to work with India in the Nuclear sector, as we know from the news.

Other Key Fundamentals

P/E Ratio - 19.50
EPS - 16.34
52 Week High/Low on NSE - 390 / 230

Mutual Funds Holding this scrip

1. DSP-ML Equity Fund - Regular plan
2. DSP-ML Balanced Fund
3. Tata Mid Cap Fund
4. DSP-ML Small and Mid Cap Fund

Hence we recommend to buy Rolta India ltd. with a target of 375++ in short term.

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