Accumulate NIIT: Kotak Securities
Mon, 10 Jun 2013 00:51:07 -0600
The company's investments in cloud are expected to improve revenue prospects
TAGS: STOCK RECOMMENDATION, KOTAK SECURITIES, NIIT
Kotak Securities has given an accumulate rating on NIIT.

The company's investments in cloud are expected to improve revenue prospects as well as profitability in FY14. Sustained uptrend in MTS and private schools is also encouraging.

"However, these positives are balanced by the softness in career learning solutions. We have been cautious on the stock for the past several quarters. The stock has come off sharply. We now recommend accumulate rating on the stock," the brokerage said.

"The erratic performance of the the stock in the past constrains us from giving a better valuation to the stock. With the dividend of Rs.1.6 per share for FY13 expected to be maintained in FY14, the yield is attractive," it said.

(Disclaimer: All information provided on moneyguruindia.com pertaining to investing, stocks, securities must be understood as information and not investment advice. We advise all readers to seek advice from a professional investment adviser before making any investment decisions on the basis of any of our content. All reports, analysis, columns, statements or listings featured in the site are not meant to be solicitation or recommendation to buy, sell, or hold securities. We are merely providing information.)
THOSE WHO READ THIS, ALSO READ THESE


comments powered by Disqus
Your Money Guide



Quote
MoneyGuru learning »