Revenue Trend has been growing YoY and QoQ every three quarters. The operating margin is back to 2015 levels but last quarter due to Bond Yield hike it showed less other income resulting in less profit. We believe the operations will come out stronger this quarter as well.
June 8th, 2018
Debt/Equity : No Debt
Mutual Fund Holding Since Last Quarter : UP
FII Holding Since Last Quarter : UP
The company operates in niche segment and is now getting a lot of traffic from mobile app which reduces the cost of operation as compared to its previous mode of tele operators.
There was a 10-12% slide in the price which we see an opportunity to buy since it was along the market and was on a large volume which indicates desperation of the seller.
Recommendation : REDUCE
Selling Price Limit Till : Rs. 470
Gross Return from date of call : 23%
Days : 22 days
Portfolio Allocation : Current weight 3% bring it down to 1.5%
May 3rd, 2018
Debt/Equity : No Debt
Mutual Fund Holding Since Last Quarter : UP
FII Holding Since Last Quarter : UP
The company operates in niche segment and is now getting a lot of traffic from mobile app which reduces the cost of operation as compared to its previous mode of tele operators.
There was a 10-12% slide in the price which we see an opportunity to buy since it was along the market and was on a large volume which indicates desperation of the seller.
Recommendation : BUY
Buying Price Limit Till : Rs. 425
Portfolio Allocation : 3%