good stock in uncertain market.

good stock in uncertain market.

Angel Broking has maintained buy rating on Bartronics India with target price of Rs 312.Bartronics has reported an outstanding 495% yoy growth in topline in its Q4, 2008. the company is in business of Automatic Identification and Data Capture (AIDC) Solutions business, Smart Cards segment. Bartronics had acquired a US company towards early 2008. Strong growth in sectors like Retail has led to robust growth in the company’s RFID Solutions business.

a CAGR growth of 60% in Top-line and 53% in Bottom-line over next two years is expected.

We maintain a Buy on the stock, with a revised 12-month Target Price of Rs 312 (Rs 364).


current price: 215.35 on May 13, 2008
52 Week High: 294.50 ; Low: 100.00

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