Mazhar Mohammad of
Chartviewindia.in has given a buy recommendation on Take Solutions with a target price of Rs 139.
Shares of Take Solutions traded at Rs 126.6 around 2:05 pm on 1 July, 2019. Time period given by the analyst is two weeks when Take Solutions' price can reach the defined target.
Mazhar Mohammad recommended keeping a stop loss at Rs 118.
"This counter appears to have made a double-bottom kind of formation around Rs 120 levels from where it made smart recovery even in the last session. Interestingly this kind of formation is witnessed after a vertical fall from recent highs of Rs 159. With this consolidation, this counter looks ripe for a pull back move," Mohammad said.
About the company: Take Solutions is a smallcap company, operating in information technology sector.
Key products and revenue segments include IT services which contributed Rs 2.42 Crore to sales value (99.38 per cent of total sales).
For the quarter ended 31-03-2019, the company reported a consolidated sales of Rs 533.94 crore, up 2.36 per cent from the last quarter sales of Rs 521.64 crore and up 17.63 per cent from the last year same quarter sales of Rs 453.92 crore.
The company reported net profit after tax of Rs 27.06 crore in the latest quarter.