Angel Broking has maintained buy rating on Tanla Solution with target price of Rs 396 in its May 09, 2008 report. "We expect Tanla to be a major beneficiary of the strong growth being witnessed in the global non-voice market, with the increasing use of value-added services (VAS) by both corporate and retail users. Visibility for Tanla’s Aggregator business appears strong with its entry into newer markets like Singapore, Dubai, Spain, South Africa and the US. In its Products business too, Tanla is scheduled to launch new products that will likely boost Top-line growth for the segment"
"At the CMP, the stock is trading at 9.6x FY2010E EPS. We believe that these valuations are reasonable given the strong growth expected in EPS over the next few years. On account of the impressive growth witnessed in FY2008 and strong visibility in revenues going ahead, plus the ramping up of operations in the Irish, Singapore and Dubai markets, as also commencement of revenue bookings from Spain and South Africa, we have upgraded our Top-line estimates for FY2009 and FY2010 by 10% and 13% respectively, while we have upgraded our EPS estimates by 12% and 15% respectively, for the two fiscals. However, considering the current volatility and uncertainty in the market, we have not made any upgrades to our target price. We maintain a Buy on the stock, with a 12-monthTarget Price of Rs 396" according to Angel Broking research report.
"At the CMP, the stock is trading at 9.6x FY2010E EPS. We believe that these valuations are reasonable given the strong growth expected in EPS over the next few years. On account of the impressive growth witnessed in FY2008 and strong visibility in revenues going ahead, plus the ramping up of operations in the Irish, Singapore and Dubai markets, as also commencement of revenue bookings from Spain and South Africa, we have upgraded our Top-line estimates for FY2009 and FY2010 by 10% and 13% respectively, while we have upgraded our EPS estimates by 12% and 15% respectively, for the two fiscals. However, considering the current volatility and uncertainty in the market, we have not made any upgrades to our target price. We maintain a Buy on the stock, with a 12-monthTarget Price of Rs 396" according to Angel Broking research report.
