It's Powerful - ICSA India
Ali On Content / 20 Jul 2009
The company provides software development services and technology solutions for the power, telecommunication and other sectors. Investors with medium to long-term investment horizon can invest in the counter.
ICSA India
BSE: 531524
CMP: 165.75
Volume: 187260
The company provides software development services and technology solutions for the power, telecommunication and other sectors. The technology solution identifies transmission and distribution losses and monitor power consumption using GSM network. The company for FY09 has recorded a massive YoY growth in its topline as well as bottomline. The budget has brought goodies for the power sector companies. Companies like ICSA are expected to get most benefit out of this budget and looking at ICSA’s fundamentals, one can think of taking long-term exposure to the counter. There has been significant increase in the open interest in the counter in the Futures & Options space. Secondly, looking at the charts, a leading technical analyst has given a buy call on the counter with a price target of 15 per cent on its CMP in the coming period. Thus, investors with medium to long-term investment horizon can invest in the counter.