Technical analyst Ashwani Gujral is of the view that traders can buy ICSA India stock to achieve a target between Rs 215-230 in the coming sessions.

According to Mr. Gujral, interested investors can purchase the stock on dips with a strict stop loss of Rs 180.

Shares of the company, on Tuesday (June 09), closed at Rs 195.85 on the Bombay Stock Exchange (BSE). Current EPS and P/E of the stock stood at 35.84 & 5.48 respectively.

The share price has seen a 52-week high of Rs 409 and a low of Rs 48.35 on BSE. 

Mr. Gujral said that the stock has great potential to rise on the back of healthy growth plans and strong operating capabilities. 

ICSA India Ltd, has declared that the company’s directors at its meeting held on June 09, 2009, have allotted 87496 Equity shares of Rs 2/- each on conversion of 35% of the Employee Stock Options issued under ESOP 2006 plan.

Therefore, the company’s revised share capital after the present allocation comprises 47038489 equity shares of Rs 2/- each.

ICSA-India Ltd is involved in developing embedded solutions and comprehensive quality infrastructure. 

It focuses on segments comprising Power, Oil, Natural Gas and Water. The company offers versatile data acquisition system utilizing communication media including GSM, CDMA and RF. 

The company topped in the ETIG 100 Fastest Growing Small Companies List. It also featured in Forbes 200 list.