Stock Recommendations For Your Portfolio

INFINITE COMPUTER SOLUTIONS | BSE CODE: 533154 | VOLUME: 28502 | CMP: Rs.189

Infinite Computer Solutions (ICSIL) is a good play among the mid-sized Indian IT stocks due to its presence in niche segments, excellent execution track record and strong debt free balance sheet with surplus cash of Rs 109.3 crore. Focus on non-linear revenues, strong client loyalty, good return ratios and low debt levels makes Infinite Computer Solutions a good long term investment. The company focuses on IP-based technologies and platforms, apart from traditional ITS and PEPS segment. Th e company’s products include 3G messaging platform, rich communications service, cloud-based enterprise messaging service and public safety messaging solution. Currently, ICSIL is trading at a TTM PE ratio of 8.4x and on the basis of price to book, it trades at 1.09x.

AMTEK AUTO | BSE CODE: 520077 | VOLUME: 673414 | CMP: Rs.199

Amtek Auto is engaged in the manufacturing of various automotive machined and forged components. Th e company’s management has taken the inorganic road for growth and completed two large acquisitions – Neumayer Tekfor (revenue: Rs 4250 crore) and the Kuepper group (revenue Rs 1440 crore) and a smaller player (JMT Auto; revenue: Rs 310 crore) in FY13-14. These acquisitions have helped Amtek Auto to become not only one of the world’s largest companies in castings, forgings and machining but have also helped diversify its business across geographies and clientele. Recently, Amtek Global Technologies, a unit of auto parts maker Amtek Auto, has raised 235 million euros ($293 million) for long-term finance from global investment firm Kohlberg Kravis Roberts. The fresh credit will replace Amtek Global’s existing bridge loan and consolidate all its current debt. This long-term financing solution enables to further scale manufacturing platform and advance the company’s global growth strategy.