The SOTL stock has doubled since we initiated coverage in Sept' 16. We are now more bullish on the stock than before given the prospects of the Optic Fiber (OF) business and the opportunities in the System Integration (SI) business. We raise our TP by 65% to street-high Rs208 valuing it on 25x PER FY19E. We foresee strong revenue visibility for the SOTL's OF business till FY19 on account of mounting fiber demand in China, Europe and the US. The company's ongoing OF...