In the last few days, I have read 3 research report on bartronics all with buy ratings with different targets from 172-225. Above all, the management has reiterated their guidance for FY10 - "Bartronics has maintained FY10 guidance of
Rs10bn in revenue and Rs1.5-1.8bn in net profit. It expects FY10
EBITDA margin to hold at around 28-31%."
Since we have less than 5 months before the end of FY10, I think the mgmt knows somethings which we do not. Otherwise, how can they still maintain their guidance? They must be expecting more than 600 Cr revenue in the next 2 quarters. If the FY10 revenue is anywhere close to 900 Cr, the stock should double form the current levels and I will be the happiest person on this earcth :) Lets keep our fingers crossed and hope for the best.
| NIFTY 
