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

According to Nirmal Bang Research, the stock, which has been consolidating for some time in the region of 220-190, can be purchased with a strict stop loss of Rs 197

The report also stated that, if the counter is successful to cross 214, then it will hit a target of 280.

Today (Sep 30), the shares of the company opened at Rs 209.75 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 240 and a low of Rs 48.35 on BSE. Current EPS and P/E of the stock stood at 34.30 & 6.24 respectively.

ICSA is empowering the energy segment with its pioneering solutions. It has always been in the forefront of following superior technologies to make sure client fulfillment with a suite of embedded solutions and wide-ranging quality infrastructure, customized for detailed needs of the business organizations across a variety of industries & utilities particularly the Energy zone that consists of power, oil, natural gas & water.

ICSA has its main headquarter in Hyderabad, India with its operating locations spread throughout the World.

ICSA has developed pioneering products apt for Power utilities in the arena of Energy Management, Energy review, and Control Application programmes and offers up flexible Data acquirement system utilizing a number of Communication media including GSM, GPRS, CDMA, PLCC, Optical Fiber and RF.