Hot Chips - Everonn Systems India
Jayashree / 27 Apr 2009
The company is one of the largest education providers in India. This implies that it operates in a domestic demand-driven sector that is expected to get the least affected by the ongoing global financial turmoil.
Everonn Systems India
BSE Code: 532876
Volume: 557209
CMP: 164.80
The company is one of the largest education providers in India. This implies that it operates in a domestic demand-driven sector that is expected to get the least affected by the ongoing global financial turmoil. A broker expects the company to post decent growth in its financials in the forthcoming FY09 results. The company also has one of the highest returns on equity among its peers and enjoys decent margins. Technically, the counter has witnessed huge volumes and has been the investors’ fancy for quite some time. In the Futures & Options space, the counter has recorded a huge increase in its volumes, open interest as well as price that points towards a long-term build-up in the counter. One of the leading derivative strategists has given a short-term buy call on the counter with a target of Rs 200. Thus investors with short to medium-term investment horizons can invest in the company to make a quick buck.
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