, MD of Sethi Finmart is of the view that Bartronics has target of Rs 250.
Sethi told CNBC-TV18, "Bartronics is a manufacturer of smart cards. It provides solutions by undertaking large-scale turnkey projects in bar coding and radio frequency wave’s identification and biometrics technologies. This company has a subsidiary in the US by the name Bartronics America, which has recently been granted a patent by the US Patents Office to design and manufacture an identification device that could be used as a wristband or a bracelet, which would be very useful for cashless transaction."
He further added, "The company is already in talks with Disneyland and Formula One headquarters for their cashless transaction solutions across the globe. This company has recently started its manufacturing facility in Hyderabad, which is the largest in South Asia. I expect this company to be growing very rapidly in the coming years with explosive growth being witnessed in organised retail. My target for Bartronics would be Rs 250.
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