Four Soft--buy with a long term perspective
Four Soft to set up technology centre in Pune:
15th July, 2006.
Four Soft and the world’s largest transportation and Logistics software product company announced its plans to establish a technology centre in Pune. The technology centre is likely to start functioning from August 01, 2006 onwards.
The technology centre is going to focus on the company’s key products using latest J2EE tech technologies. The company is venturing into a multi- site software development, the integration and delivery of which will be done from Hyderabad.
Keeping in line with their expansion plans, they are planning to hire 200-300 professionals by the end of this year. Recently, the company has added more space in their training centre in Hyderabad.
The stock looks undervalued considering the long term prospects of the software sector and in the field in which it operates.
The Current Market Price of the shares of the company--->Rs.45.65. Buy with a Stop Loss of Rs.42 for a target of Rs.65 and Rs.82.
Best wishses,
Suman Mukherjee
India.
http://finance.groups.yahoo.com/group/SumanSpeaks/
www.bcozindia.com
Comments