Buy Zicom, target of Rs 145: Sushil Finance
Sushil Finance has recommended a buy rating on Zicom Security Systems with price target of Rs 145 in its report dated June 22, 2009.
“Zicom has got strong software capabilities relating to the security business. It has also integrated all the multiple security applications into one coordinated hardware and software package. The company has secured various Government projects including Mumbai City Surveillance, Bangalore City Surveillance, Kolkata Metro, Mumbai Western Railway. During 9MFY09, the Company has delivered a decent performance. Its consolidated revenues, EBITDA and net profit after minority interest stood at Rs. 2,719.1 million, Rs. 353 million & Rs. 134.1 million respectively. It has posted an EPS of Rs. 10.6 for the period under review. The stock currently trades at 7.2x its FY10E earnings and 1.0x FY10E BV. ‘Buy’ the stock with target of Rs 145,” says Sushil Finance’s report.
source: Moneycontrol
Tags: buy or sell zicom, hot tips, NSE Tips, sushil finance, zicom, zicom recommendations
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