Scripscan:Firstobject Technologies Ltd
Bse code:532379
Cmp:25
Target:30
Percentage return:20%
Duration:2-3 months
Story:FirstObject Technologies Limited (FTL) is a provider of integrated business, technology and process solutions on a global delivery platform.Its bpo as well as kpo services is expected to contribute significantly in the coming quarters.The e learning educational initiative also posses the ability to do wonders for the company.It caters to top line clientele which include names like Shell, Siemens, Digital, ECCO, Unilever, TDA, Copal Partner, Allen, Lucent Technologies, Ernst & Young, ISB, Chase, Intel, Nomura, Mobile, Morgan Stanley and ABN Amro among others.Firstobject is in a takeoff stage and is expected to grow 60% CAGR for the next 3-4 years as far its topline and bottom line is concerned.At present price of 24-25 downside looks very limited but can surprise one on the upside front.Management is clean and committed towards making good amount of shareholders wealth in the coming years.It hardly made much profits on a standalone basis but still rewarded investors with token dividends twice which gives conviction and confidence in the company.Firstobject as of now is moving in a trading range of 24 to 30.Short term interested members may capitalize by opting for it at present levels to exit on the assigned target.Long term members can hold it for the next 2-3 years expecting decent returns as the story unfolds and the scrip gets rerated in the bourses.
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