Research team at Prabhudas Lilladher has given an accumulate call for Rolta. The research report gave a target of Rs 90 for the stock.

However, the stock touched an intraday high of Rs 93.8 and managed to close above Rs 90 level on Friday.

Rolta results were little lower than market expectations. The company also witnessed a decline in its order book. The upcoming quarters could be challenging for Rolta.

However, the stock price is also trading at low P/E levels. Considering the recent increase in peer stock prices, the company has also bounced from recent 52-week low of Rs 50. The stock is currently trading at P/E multiple of 4 compared to an industry average of 20.