Hi ,
I am following this company for last 12-15 month and recently started buliding my position. (approx 3000 Share @130 avg price).
My Rationale is : they were in to real estate Leasing business and after acquistion of Majesco (only Office asset left as Majesco sold their IT (insurance Product) business to american company.) they are moving in to IT SaaS/Platform in to Real esate (where they have core domain expertise) and acquring Real estate related IT Platforms.
I think they are doing right move i.e from Domain to moving in it IT and making Industry specific end to end solution. I think their strategy of merging acquired business is also good i.e at macro level they are integrating solution but still giving operational freedom to acquired IT business( This is very imp, in IT business as Human are their key assets and in M&A culture fitment is key for success of m&A).
Also for last 2 qtr they started focusing on Bottom line(Profitable growth) unlike many IT SaaS platform business which just focus on Top line and markt share incresed.
Over All: I think they are having focused stategy and also close eye on execution. I believe if they continue ame focus it will be good business in years to come.
Note: I have recently started building position so my views can be bised.
I am IT Professional and have closely seen how IT Applcaiton/Product business ( which very few companies in India focus) grows.
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