Short Term Buy Call For Rolta

Short Term Buy Call For RoltaStock market analyst Sanjay Surekha has maintained 'buy' rating on Rolta India Limited stock with a short term target of Rs 210.

According to analyst, the stock can be purchased with a stop loss of Rs 168.

The stock of the company, on Nov 16, closed at Rs 184.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 210 and a low of Rs 160 on BSE.

Software services company Rolta India Ltd recorded a 33% increase in the three month period ended September 30, exceeding analysts' anticipations.

Rolta India, which provides GIS, engineering services and enterprise software, registered a net profit of Rs 747.7 million on a consolidated basis as against Rs 56.12 crore in the same period of 2009.

On a standalone basis, Rolta India recorded net profit of Rs 966.2 million.

Prabhudas Lilladher analyst Shashi Bhusan stated, "The company's non-linear growth with some of the intellectual property products that they hold was ahead of expectations."

Rolta is a market head in offering particularized IT-based solutions to the geospatial and engineering sections.

Besides, Rolta offers a complete complement of solutions in the regions of ship design, software engineering and growth, eSecurity and biz IT management, ERP consulting and operation and interactive media and game expansion.