We recommended Accelya Kale with a report titled Accelya Kale: Fly High in Nov’13 at the price of Rs. 375. We further gave an additional update in a report titled - Accelya Kale: 2.5 times, Waiting for New Orders. Over the last 2 and a half years, the stock has gone up from Rs. 375 to Rs. 1240 and additionally gave dividends of Rs. 130 over the same period making a total return of 266%.

Being a product company, Accelya Kale growth is mainly dependent on new client acquisitions which have slowed at the current moment. We therefore recommend to exit from Accelya Kale at current levels and would re-iterate our view at an appropriate point in time.

 

Share On