Motilal Oswal - Coforge (COFORGE) MOSL: NIIT Technologies (Neutral) - Changing aggressively to feed the growth hunger - Takeaways from Analyst Day

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Motilal Oswal

MOSL: NIIT Technologies (Neutral) - Changing aggressively to feed the growth hunger - Takeaways from Analyst Day

NIIT Technologies: Changing aggressively to feed the growth hunger; Takeaways from Analyst Day

(NITEC IN, Mkt Cap USD1.0b, CMP INR1059, TP INR1100, 4% Downside, Neutral)

We attended the NITEC Analyst Day in Noida. Appended below are the key highlights:

Under the leadership of Mr Sudhir Singh, NITEC has ushered in four key changes to aggressively drive the growth agenda: (1) restructuring to a vertical-led organization from geo-led organization, (2) adding senior leadership from tier-1 organizations at a fast clip and in healthy numbers, (3) significant restructuring of the rewards & incentive structure and (4) process changes to drive margins and productivity.
The early fruits of this endeavor are reflected in the improvement across multiple metrics, such as (1) improved order intake, (2) uptick in the number of large deal wins, (3) 27% YoY growth in Digital and (4) reduction of client concentration.
In order to sustain the results, NITEC has adopted a three-pronged approach: (1) innovate in three chosen verticals' sub-segments, (2) industrialize through full-spectrum intelligent automation and (3) incubate Digital at scale to drive superior end-user experience.
Digital is defined in four buckets: (1) digital experience, (2) data and analytics, (3) digital integration and (4) emerging technologies.

09/05/2018 12 EN

Underlying

Coforge

NIIT Technologies Ltd is an India-based Information technology (IT) solutions company. The Company is engaged in application development and maintenance, managed services, cloud computing and business process outsourcing to organizations in several sectors such as banking and financial services, insurance, travel and transportation and logistics, manufacturing and distribution and government. The Company is combined with capabilities in data and analytics, automation, cloud and digital, is enabling to drive business transformation. The Company offers Tron intelligent automation, digital process transformation, application services, business process services, cyber security, among others. It serves industries such as travel and transportation, insurance, banking and financial services and enterprise services.

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INE591G01017 National Stock Exchange of India India

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Motilal Oswal

Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.

Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.

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MOSL: NIIT Technologies (Neutral) - Changing aggressively to feed the growth hunger - Takeaways from Analyst Day

Coforge Ltd: 1 director

MOSL : COFORGE: Strong growth outlook factored in the valuation

Coforge’s Copasys Automated Compliance Audit and Quality Assurance Platform Receives US Patent

MOSL : HOME FIRST FINANCE COMPANY: Earnings in-line with sustained improvement in asset quality

MOSL : SHOPPERS STOP: Ticking the right boxes

MOSL : ERIS LIFESCIENCES: Enhanced efforts toward product launch-related activities

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