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good stock in uncertain market. 

Angel Broking has maintained buy rating on Bartronics India with target price of Rs 312. Bartronics has reported an outstanding 495% yoy growth in topline in its Q4, 2008.  the company is in business of Automatic Identification and Data Capture (AIDC) Solutions business, Smart Cards segment.  Bartronics had acquired a US company towards early 2008.  Strong growth in sectors like Retail has led to robust growth in the company’s RFID Solutions business. 

a CAGR growth of 60% in Top-line and 53% in Bottom-line over next two years is expected. 

We maintain a Buy on the stock, with a revised 12-month Target Price of Rs 312 (Rs 364).


current price: 215. 35 on May 13, 2008
52 Week  High:  294. 50  ; Low: 100. 00