Hot Chips Buy Call: TUTIS TECHNO
Tutis Techno: BSE Code 532311. CMP: Rs.19
Being a leading player in IT and BPO solutions, it is making news these days. Tutis Technologies is the parent company of the Vishal IT, with a 51.51 per cent stake, which is going to tap the primary market. This IPO will unlock the value for the Tutis Technologies, considering the premium, which Vishal IT is demanding from the market. Looking at potential for the value appreciation in the counter, investors, as well as broking firms, are taking interest. On the verge of an IPO, the parent company is expected to gain momentum. The price has moved already from Rs 13.76 to Rs 18 in the last few days. It’s a good bet for short-term risk-takers
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Comments
It is better to buy tutis than Vishal information as tutis is going to benefit from IPO proceeds. In the coming days Tutis will go upto 35
buy 522165/ eps current 20//this yearend 100/2 yrs 500/manganese ore prodn to startin sept.tgt is 1 yr2000//2yrs/8000