Accumulate Tecpro Systems - Motilal Oswal

Tecpro Systems Ltd. ( TPRO IN; Mkt Cap USD 308m, CMP Rs.280, Accumulate)

Order backlog of Rs.4250 cr (3xFY10 revenue) provides good revenue visibility

Further order inflows will provide upsides and triggers

Fourth quarter should see good revenue and profit booking

JVs / tie-ups to help provide complete package to customers

Accumulate Tecpro Systems with a one-year price target of Rs.350 - 9XFY12 earnings

Source : Equity Bulls

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