ICSA INDIA LTD ( BSE COD E: 531524 )

ICSA India Ltd (BSE Code-->531524)
Buy ICSA India Ltd at the CMP of Rs.90--Rs.92 for a target of Rs.150, in the next 45 days time frame. The company is into making of innovative products suitable for Power Utilities, in the field of Energy Management, Energy Audit, and Control Applications and provides versatile Data Acquisition System using several communication media such as GSM, CDMA, Satellite, Optical Fibre and RF.
Company has allotted 105000 Equity Shares on conversion of 35% of Stock Options granted under ESOP Scheme 2005 and 26,50,000 Equity Shares on conversion of Fully Convertible Warrants. Out of USD 46mn FCCB raised by the company, USD 25mn FCCBs were converted in the last financial year and an amount of USD 21mn are outstanding as on December 31, 2008.
Company has taken up the commissioning of Wind Forms aggregating to 9.6 MW.The company came out with superb set of numbers for the December, 2008 quarter, inspite of the downturn.

source : sumanspeaks