Cosyn Ltd hits 52-w high even as markets are free falling

Cosyn Ltd a Kochi based IT solutions provider has hit 52 w highs on Thursday even as the broader market is free falling with Sensex down by almost 300 point or 1.10 per cent on intra-day basis.

Cosyn Limited is trading at Rs. 54.20, up by almost 9 per cent or Rs. 4.60 per share on intra-day basis.  Cosyn Limites, a small capitalisation company with 37.20 crores as its m-cap strives  to be present in the fore-front of Cloud based solution delivery and service-delivery which ensures higher value creation for its clients. Cosyn Limited targets rapidly growing growing Small and Medium enterprises for providing efficiency building ITeS solutions. Cosyn Limited remains a beneficiary of implementing the Aadhar enrolments on behalf of the GoI.

The 52 w low for the stock is 8.55 and the stock is trading at a multiple of 10 whereas the industry P/E is 20.33 indicating the stock is trading at undervalued valuations. The dividend yield for the stock is 2.38 with promoters holding in the company at 58.91 per cent. The stock is trading above its 200-DMA is up by almost 400 per cent over 1 year time frame.