Buy ORG INFORMATICS @ 9.RS , Target: 20.RS
Posted Dec.29, 2007 in Indian Stock Market, Recommendations, Research Reports
Buy ORG INFORMATICS @ 9.RS , Target: 20.RS
ORG INFORMATICS had recently acquired the Satellite Business of Belgacom . This acquisition will enable ORG INFORMATICS to offer DTH Platform to bradcasters in Europe . ORG is targeting Indian Broadcasters who wish to take their channels to Europe to target Indian NRI audience there.
ORG is involved in Systems Integration , Software Development and Managed Services for Telecom Companies.ORG had recently executed a 500 crore order from MTNL.
The company is already trading near 52 week low. And further downside is little and upside is huge if the company capitalises the Growth in these sectors.
We recommend buying ORG INFORMATICS at the current price.
Target Price : 200.Rs ( 1 Year )