Tuesday, September 07, 2010

ICSA - powering ahead

ICSA (Rs 133):- The stock for the last 12 months has underperformed the indices but now shows some accumulation as it has crossed 13, 26 and 50 DMA in just one session. Now crossing Rs 145 (200DMA) would be an important buy signal. Stock maintaining Rs 123 is important for any uptrend.
Buy Rs 130-132 for target Rs 145, keep stops below Rs 127
Book Values Rs 149 EPS Rs 25.05 P/E 5.3 FV= Rs 2/share
ICSA - India has rich experience in design and development of customized Infrastructure solutions, state-of-art embedded technologies and software applications for the power, oil, gas and water sectors. Our team of committed and highly qualified professionals with vast experience in industrial automation and execution of tailor made projects from the idea stage to its successful implementation. http://www.icsa-india.com/Solutions/overview.html

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