Buy Rolta

By CROW -
Buy Rolta for 4 to 6 months investment

As per Sastry

Rolta is concentrating on the volumes growth. Infact recently they have acquired a company in Canada which is into the systems integration and due to this acquisition the company is going to make atleast on an average basis USD 33 million for the next 3 years.

Over and above they are also setting up an IT park near Calcutta. They are also cash surplus and they are sitting on huge funds now to the extent of around USD 150 million which they have raised in the form of GDR/FCCBs. So on and all put together the company is also showing a kind of constant growth trend that is also quite impressive. And keeping all this things in mind I definitely put my bet on this stock and in terms of purchase definitely on correction one can look at acquiring this stock from medium-term to long-term perspective and it can give good returns

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