Aditya Infotech shares can rally up to 27%? Why Motilal Oswal initiated coverage on the stock

Motilal Oswal sees 27% upside in Aditya Infotech, citing strong surveillance demand, rising market share, STQC norms and improving margins. The brokerage expects robust revenue and profit growth through FY28, supported by higher-value products, backward integration and lower competitive intensity.