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TIMETECHNO

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-1.35 (-0.89%)

NSE Volume

8.5L+

Broker Reports

Call Price: ₹65.45
5 APR 21
Target: ₹75
Change: ₹69 (5.42%)

BUY

Call Price: ₹51.17
24 DEC 19
Target: ₹55
Change: ₹51.95 (1.56%)

HOLD

We maintain our HOLD rating on the stock given its double digit volume growth and debt/equity at comfort zone. We value the stock at FY21E 3x EV/EBITDA with a revised target price of Rs 55/share.
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Call Price: ₹52.9
25 NOV 19
Target: ₹60
Change: ₹56.1 (6.05%)

HOLD

Call Price: ₹65.29
16 AUG 19
Target: ₹83
Change: ₹57.5 (1.5%)

BUY

In view of the downwards earnings revision and factors discussed above, we now ascribe a lower target PE to value the stock. We value the stock at 8x FY20 earnings (at a 20% discount to ten year average forward PE of 10x) and arrive at a price target of Rs 83 (Rs 110 earlier). We will consider according a highertarget multiple on further progress on company’s endeavor to improve ROCE,which currently is at 15%. We maintain BUY in view of the adequate upside of 25% from the current levels.
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Call Price: ₹100.15
29 MAY 19
Target: ₹110
Change: ₹79.35 (0.19%)

ADD

At the current price, the stock is trading at P/E of 9.2x and 7.5x FY20E and FY21E earnings respectively. In FY19, the TTL stock has been derated in line with general sell-off in the midcaps and smallcaps universe coupled with weak 9MFY19 earnings and risk aversion towards stocks having promoter share pledges. We continue to value the stock at 10x FY20E earnings (ten year average forward PE) and arrive at a price target of Rs 110 (Rs 108 earlier). We will consider according a higher target multiple on further progress on company’s endeavor to improve ROCE, which currently is at 15 %. Since the upside is modest from the current levels, we maintain “ADD” rating.
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Call Price: ₹102.05
29 MAY 19
Target: ₹110
Change: ₹79.35 (0.19%)

HOLD

We roll over our valuation on FY21E and value the stock at FY21E 5x EV/EBITDA. We maintain HOLD on the stock with a revised TP of Rs 110/share.
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Call Price: ₹102.5
18 MAR 19
Target: ₹108
Change: ₹79.35 (0.19%)

ADD

The TTL stock has gained 17% from our previous call. At the current price, the stock is trading at P/E of 11.6x and 9.5x FY19E and FY20E earnings respectivel. In FY19, the TTL stock has been derated in line with general sell-off in the midcaps and smallcaps universe coupled with weak 9MFY19 earnings and general risk aversion towards stocks having promoter share pledges. We continue to value the stock at 10x FY20 earnings and arrive at a price target of Rs 108 (unchanged). We will consider according a higher target multiple on further progress on company’s endeavor to improve ROCE, which currently is at 15%. Since the upside is modest from the current levels, we move rating to a notch below to “ADD” from “BUY” earlier.
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Call Price: ₹85.3
18 FEB 19
Target: ₹108
Change: ₹79.35 (0.19%)

HOLD

At CMP, TTL is trading at P/E of 9.9x and 8.1x FY19E and FY20E earnings respectively, which is attractive as it is at a discount to midcap index valuation. In recent months, the TTL stock has been derated in line with general sell-off in the midcaps and smallcaps universe. At the current price, valuations are appealing, hence, we continue to maintain our positive stance on the company. We value the stock at 10x FY20 earnings and arrive at a price target of Rs 108 (Rs 145 ealier, based on 13x FY20E). We will consider according a higher target multiple on further progress on company’s endeavor to improve ROCE, which currently is at 11%.
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Call Price: ₹106.33
21 JAN 19
Target: ₹121
Change: ₹79.35 (0.19%)

BUY

Call Price: ₹99.85
31 DEC 18
Target: ₹128
Change: ₹79.35 (0.19%)

BUY

Call Price: ₹112.2
22 NOV 18
Target: ₹145
Change: ₹79.35 (0.19%)

BUY

Call Price: ₹112.2
22 NOV 18
Target: ₹125
Change: ₹79.35 (0.19%)

HOLD

Call Price: ₹140.1
6 AUG 18
Target: ₹195
Change: ₹79.35 (0.19%)

BUY

Call Price: ₹140.1
6 AUG 18
Target: ₹175
Change: ₹79.35 (0.19%)

BUY

Call Price: ₹186.64
16 FEB 18
Target: ₹214
Change: ₹79.35 (0.19%)

BUY

Call Price: ₹198.8
13 DEC 17
Target: ₹214
Change: ₹79.35 (0.19%)

ACCUMULATE

Call Price: ₹186.95
27 NOV 17
Target: ₹230
Change: ₹79.35 (0.19%)

BUY

Call Price: ₹187.55
15 NOV 17
Target: ₹214
Change: ₹79.35 (0.19%)

BUY

Call Price: ₹197.05
6 OCT 17
Target: ₹216
Change: ₹79.35 (0.19%)

ACCUMULATE

Call Price: ₹188.2
21 AUG 17
Target: ₹210
Change: ₹79.35 (0.19%)

ACCUMULATE

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