Target :Rs 130
CM Price :Rs119.25
Company Background
KPIT Cummins Infosystems Ltd is in the business of software services and products. A team of six professionals Ravi Pandit, Kishor Patil, Anil Kulkarni, Sachin Tikekar and Shrikrishna Patwardhan promote the company. KPIT’s marketing model follows a UK centric strategy. The company is one of the few companies to have penetrated the UK market. This has positioned it to capitalize on the emerging opportunity in Europeon region. The name of the company was changed to its present name following the scheme of amalgamation with Cummins Infotech Limited.
CMP Rs 220.50
Target Price Rs 310.00
Company Snapshot
Seamec Limited was incorporated on Dec 29th, 1986, with the name of Peerless Leasing Pvt. Ltd. In the year 1999, Coflexip Stena Offshore Mauritius Ltd. acquired its 58.24% of shares. In the year 2001 Technip Group of France acquired Coflexip Group. Hence SEAMEC ltd. became a subsidiary of Technip group. The Company’s principal activity is to provide support services including marine, construction and diving services to offshore oilfields in India and abroad. SEAMEC specializes in vessel management, marine management, Dive support, fire fighting, subsea construction, ROV support, pipe laying, rescue operations, logistics, mooring & demooring, carnage. SEAMEC operates multi purpose support vessels (MSV) for diving and provides underwater/subsea engineering and construction, maintenance, inspection of underwater structures, rescue operations and fire fighting and other support services for offshore oil/gas installations located in India or abroad.