ICSA INDIA Ltd Trading in BSE & NSE at 97/- . Target 165/- for Short Term and 235/- for Medium Term.
ICSA INDIA Ltd Previously INNAREDDY COMP Ltd ; is good Net Profit and good Dividend Paying Company. For this year 2008-09 Company Announced good Net Profits 1st quarter 40.9 Crores and 2nd Quarter 48 Crores and Third quarter 45.5 crores With EPS 45- for 2008-09. Equity 9 Crores, Company Projected EPS for 2008-09 is 45/- with Net Profit 235 Crores. As per This PE only 2. If calculate Minimum PE 5 as per Industry standards It will come around 235/-.
Company Trading in F&O; Before expiry date of February F&O it will touch 185/- minimum. Next week may touch 165/-
Daily accumulating Big Big Mumbai BULLS and Operators and Company People and Promoters also Just check share holding pattern of December 2008 and Pledging report as per this Promoter bought 3,00,000 (0.65%) Shares in January 2009 ; Because of Now stock is available at very very cheep price at 97/- . Projected Annual EPS 45/- for 2008-2009, with PE 2 only. Normally in worst condition also PE will at 5 But Now PE is only 2.Safe Investment at 97/-.
This share is falling because of rumors of Promoters Shares Pledging more %; But actual Pledging shares was just 1.7% This is very good for up moving for stock price from next week onwards. Company circles are taking this as advantage for grabbing with cheep price. Daily Grabbing with Company Circles. Its very Valuable share at 97/-.
Risk is very very less at current price.
Total Equity of 9.3 Crores. Promoters Holding 20.6%; FII's 48%; CorporateBodies 11% NRI's 2.5% Public only 18%
This company has a great future & good company and Equity is very small. Even if we give a conservative P/E of 5, It should be trading at Rs. 235/-. So there is a long way to go. Investors with faith in ICSA INDIA Limited management and having patience will definitely earn a lot.
Positive Points for this stock for Up moving:
1) Mumbai Bulls and Operators and Promoters are accumulating heavily at current price at 97/-.
2) Company doing very good with EPS 45/- PE only 2; Avialable very cheep at 97/-
3) Equity is very small at 9 Crores
4) Good dividend paying company; 60% Dividend Paying Company
5) Promoters Pledge Shares only 1.7% Total holding of 20.65%
Enter current price at 97/- Short term Target 165/- Medium Term Target 235/-
Happy Investing... Good Fundamental Stock and Safe Investment ar current price at 97/-
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