Cigniti Technologies Ltd
CIGNITITEC

372.25

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372.35

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Accumulate
Reco. Price
Rs 380.00

Last updated on 01-Dec-2016

We recommend ACCUMULATE on the stock on account of strong revenue visibility. This will be led by traction in software testing services (STS) and focus on inorganic expansion of the company. Further, development of Quicklean (world’s first automated-solution for migrating HP UFT test assets into HP LeanFT) is a positive trigger. The stock is trading at a PE of 15x in FY17E. (Target Price-Rs 402)
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50 DMA (.)
405.11
100 DMA (.)
422.42
200 DMA (.)
426.86
Weekly Range (.)
370.50
384.50
Monthly Range (.)
367.00
419.95
52 Weeks Range (.)
350.00
494.70
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