Onward Technologies Mulltibagger 3 years time frame - Medium term investment

ONWARD TECHNOLOGIES LTD - TURNING AROUND Multibagger 3 years time frame Mid term

• Technology Companies are catching the attention of market participants mainly because of the expected favorable change in demand from foreign economies and some stability in exchange ratio.

• Onward Technologies Ltd is an IT company started by Mr Harish H Mehta Co-Founder & Former Chairman of the National Association of Software & Service Companies (NASSCOM). Now Company is run by Jighar Metha his Son.

• Company is offering solutions for sectors like Engineering Design Services ,Banking and financial services. 

• Company is operating through various subsidiaries and associate companies namely Onward  eServices Limited (OeSL) , Onward  Technologies,  Inc.  North   America (OTI),Onward Technologies   GmbH Germany  Onward Technologies Ltd., UK and Onward Technologies Ltd., UAE. 

• Efficiency improvement steps helps the company to report better performance in recent past.

• In 5 years sales has increased from 60 Cores to 90 Cores close to 10 % growth in last 5 years.

• With Fresh team and new MD, the company will be dynamic and touch new heights. We recommend a buy with target of 180 in 3 years timeframe