I have 150 shares of 3iInfotech bought at Rs.189.Wat is the future of this scrip?
recomended by equitymaster, sharekhan and couple of other brokerages.
strong fundamentals, cheap valuations and good space(bfsi) to be in
can give good returns from 1 year perspective
here is what equitymaster thinks
What to expect?
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At the current price of Rs 188, 3i InfoTechs stock is trading at a price to earnings multiple of 13 times its trailing 12-month earnings. 3i Infotech plans to expand its offerings and geographical presence in the future. In the insurance space, the company has made inroads into the US markets and sees significant replacement opportunity in the form of small clients (1,500 to 2,000). In the banking space, the company plans to target the emerging markets and markets where first wave of automation has already taken place.
The company has upgraded its earlier revenues guidance of Rs 6,200 to 6,400 m for FY07. But the management has also revised its earnings guidance upwards to Rs 16 to Rs 17 per share (excluding the recent acquisitions). We maintain a positive view on the stock from a long-term perspective.
disclosure - i personally hold this stock