1 week ago
Aditya Infotech Shares Jump After QIP; MOFSL Recommends Buy
Aditya Infotech makes security cameras and sells them under the CP Plus brand.
Its shares went up 4% after a Rs 1,500 crore share sale called a QIP.
MOFSL, a financial research firm, told investors to buy the stock.
The company has more than 44% of India's video surveillance market.
MOFSL expects this market to become much bigger by FY30.
It also expects Aditya Infotech to gain more market share by FY28.
New testing rules for cameras may help the company grow.
MOFSL expects sales and profits to increase quickly and set a target price of Rs 4,200.
Aditya Infotech shares rose 4% after a Rs 1,500 crore QIP.
MOFSL initiated coverage with a BUY rating and a Rs 4,200 target.
The company operates the CP Plus brand and holds more than 44% of India's video surveillance market.
The Indian video surveillance market is projected to grow from Rs 106 billion in FY25 to Rs 227 billion by FY30E.
MOFSL expects Aditya Infotech's revenue, EBITDA and PAT to grow at 44%, 58% and 64% CAGRs, respectively, during FY26-FY28.
- Who
- Aditya Infotech and MOFSL.
- What
- Aditya Infotech shares rose 4% following a Rs 1,500 crore QIP, while MOFSL recommended buying the stock.
- Where
- India's video surveillance market.
- When
- The article refers to FY25, FY26-FY28 and FY30E forecasts.
- Why
- MOFSL expects strong demand, STQC norms, higher product realizations and expanding market share to support growth.
Key facts
- QIP size
- Rs 1,500 crore
- Share price movement
- Shares rose 4%
- MOFSL view
- BUY rating
- MOFSL target
- Rs 4,200
- Current market share
- More than 44% in video surveillance
- Market size forecast
- Rs 106 billion in FY25 to Rs 227 billion by FY30E
- FY26-FY28 expected CAGRs
- Revenue 44%, EBITDA 58% and PAT 64%
Quotes
MOFSL
Ministry of Finance and Statutory Liabilities analyst
“"Aditya Infotech is well-positioned to benefit from a demand surge in the video surveillance market."”
businesstoday.in
Sources
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