Pinc research is optimistic on the prospects of Infotech enterprises and they have given a price targt of Rs 162 for the stock. Read their analysis on stock as following:
We recently attended the analyst meet of Infotech Enterprises (Infotech) held at Hyderabad. The meet focused on giving investors an idea about the company’s systems and processes through presentation by various business heads, sub-vertical heads and demo of a range of company’s projects. The major take away from the meet was that the company is on the right track in terms of making investments to strengthen its product portfolio and is taking initiatives to improve its financial metrics. Infotech’s performance over the past six quarters has been mixed, with operational margins being the major disappointment, which the company is now focusing to improve. We maintain our Accumulate recommendation on the stock.