Founded in Mumbai, 1990, Omnitech Infosolutions is basically focused in serving It and It service to the SME sector and it specializes in providing BAS or business availability services in infrastructure, performance and application management. A mid tier IT company, Omnitech Infosolutions, also undertakes tasks of system integration and business continuity services (BCS).
The overall global IT spending as per the latest data is growing at the rate of 4% while the spending in the global SME IT sector is growing at 6% so we see why this company holds promise. Apart from this the domestic demand in the IT sector in increasing at a whopping 75% in revenues.
The company also turns out to be next to IBM in the provision of BCS services with a growth rate of 11% in revenues. The company is also focusing in its global expansion through both inorganic and organic routes. For example, it acquired Avensus Netherlands BV, company specializing in provision of managed services and data security and it is expected that such acquisition shall contribute to about 13% of the total revenues of the company by FY13.
Omnitech is also planning on launching the cloud computing services but the risks that are anticipated with the company are related to meeting basic fund requirements and integration effectiveness that come along with acquisition plans.
Bell The Bull feels that the stock is underpriced at the present levels and the fair value stands at around Rs. 280-290 which should be achieved in FY12 or latest in early FY13.Google+