In its latest research report, Nirmal Bang, an equity research firm said that ICSA India can give good returns in short term of Rs 225.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 170.

The report further stated that, if the counter is successful to breach 234, then it will hit Rs 250.

Today (Sept 01), the shares of the company opened at Rs 204 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 350and a low of Rs
48.35 on BSE.

ICSA India, on August 31, has pocketed orders worth Rs 1.34 billion from M. P. Poorv Kshetra Vidyut Vitaran Company.

The scope of the work consists of supplying material, review, erection and commissioning comprising examining of new three phase 11 KV lines, three phase L. T lines on A. B Cables, 11/0.4 KV distribution transformers substations and extension of service lines under Rajiv Gandhi Grameen Vidyutikaran Yojna.

At its meeting held on August 17, 2009, ICSA India Ltd declared that the company's directors recommended declaration of Dividend @ 70% for the fiscal ended on 2008-
2009.

For the quarter ended June 30, 2009, ICSA India Ltd registered a growth of 26.33% in its total income to Rs 305.73 crores.

The company recorded a net PAT of Rs 34.02 crores for the period as against Rs 40.97 crores for the corresponding quarter ended June 30, 2008.

ICSA India focuses on the power segment by building up intelligent automatic meter reading, distribution transformer monitoring systems, sub-station controllers, theft detection tools, energy audit service, software growth and infrastructure for power.