Stock views on Omnitech Infosolutions, Allied Digital, Unitech

Emkay Global on Unitech - Target of Rs 79

Emkay Global Financial Services has recommended a buy rating on Unitech with a target price of Rs 79 in its research report. "Unitech plans to launch 10,000 residential units in the Rs 3-5 million category by next year in Gurgaon, Noida, Greater Noida, Kolkata, and Chennai at a total investment of Rs 25 billion. The company has no plans of launching any new luxury housing project in the near term and is looking to reduce the total number of luxury projects to about 7-8% of its total offering. Buy, target of Rs 79," says Emkay Global Financial Services' research report.

India Infoline on Allied Digital - Target of Rs 475

India Infoline has recommended a buy rating on Allied Digital Services with a target price of Rs 475 in its research report. "ADSL’s pan-India presence (at 132 locations), direct support model, established remote infrastructure and significant price competitiveness provides an edge against competition in the domestic IMS market. Its marquee clientele include large customers won from leading Indian offshore vendors."

"The recent En Pointe Global Services LLC (EPGS) acquisition would significantly increase international IMS revenues apart from driving domestic revenues through offshoring. Further, the SOC services are expected to register exceptional growth driven by increasing compliance requirements globally. We expect company’s IMS revenues to register 50% growth in FY10 and comprise 51% of total revenues against 29% in Q1 FY09. Buy, target of Rs 475," says India Infoline's research report.

India Infoline on Omnitech Infosolutions - Target of Rs 90

India Infoline has recommended a buy rating on Omnitech Infosolutions with a target price of Rs 90 in its research report. "Over the last decade, Omnitech has evolved from a third party services provider to a computer assembler to a system integrator to a diverse technology services provider. System integration (SI), which contributed 90.5% of revenues in FY03, currently forms 27.5% of the company. Driven by management’s focus and the underlying opportunity, high-growth high-margin services such as IMS, AMS, Testing and Disaster Recovery (all incubated over last five years) form majority 72.5% of revenues presently. Buy, target of Rs 90," says India Infoline's research report.