Buy Infotech Enterprises Ltd -Good result and nice growth.
1. Robust dollar revenue growth of 9.1% qoq. Growth was driven by EMI business.
2. EBITDA margin improved as guided in Q1 by 40 bps qoq.
3. Other income jumped sharply by 94% qoq
4. Above factors coupled with higher IASI profit share boosted profits by 94% on a low Q1 base.
Buy with short term target of about 20% return on investment. (6 to 8 months)
