INSUBCONTINENT EXCLUSIVE:
Technologies and NIIT Technologies
The brokerage said new technologies are eroding long-held benefits to scale, which had resulted in large technology companies outpacing
their smaller peers for two decades
The brokerage has an accumulate rating on Persistent Systems, while on Mphasis, it has a sell rating citing high execution risk and
unreliable reported metrics.
LT InfotechCMP*: Rs 1,703
Target Price**: Rs 2,130
The brokerage expects significant earnings upgrade for
Elara forecasts earnings growth of 20.9 per cent and revenue growth of 21.6 per cent on a compounded basis from FY18 to FY21
cent and operating profit margins to expand 425 basis points from FY18 to FY21
such as Guidewire implementation and support
While we expect investments to continue at present level in absolute terms, we think company should see operating leverage for these
Infotech citing probability of significant earnings upgrade
Elara said stock could rerate once company starts winning larger deals that will lead to in-line growth or growth ahead of peers
