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Tuesday, May 31, 2016

Rolta Ltd: Buy
CMP: Rs.72.20
Buy Rolta Ltd at Rs.72.20 for short term targets of Rs.77-79, SL--Rs.69. Rolta Ltd's Q4FY16, Consolidated PAT grew 26.3% QoQ as reported by PRNewswire. 

The stock fell today as S&P Global Ratings on Monday lowered its long-term corporate credit rating to 'CCC-' from 'B+'. This is a temporary phenomenon and the stock is expected to recover very soon. 

What the market has ignored till now is that, Fitch also believes that Rolta India Ltd, has a high chance of collecting these receivables because most receivables are from either government agencies or U.S.-based multi-national corporates.

Therefore, this is a sure shot risk free counter at the CMP of Rs.72.20.
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