ASM TECHNOLOGIES is a Bangalore based IT company engaged in enterprise applications and enterprise product development for manufacturing, retail, oil and gas verticals.This company was earlier known as Advanced Synergic Microsystems Ltd .Company is generating about 45% of its total turnover from US and 38 % from India.Its associate/Subsidiary companies includes Advanced Synergic Pte Singapore, Pinnacle Talent USA and ESR Associates USA.Company is now expanding its operation by introducing new tools for industries like Sugar ,e-learning etc.Business Intelligence, data warehousing,Product lifecycle management ..etc are another areas of concentration.ASM is also active in outsourced product development for Telecom,Networking ,wireless and Mobile Applications. Company were in back even in the tough times of IT industry and dividend paying for the past three years.Now ,with the expected revival in IT sector ,company is expected to perform even well in future.For the latest qtr ASM posted a turnover of Rs.17 Cr v/s Rs.10 Cr and a net profit of Rs.1.77 Cr v/s Rs 96 lac Nine month EPS is close to Rs.10/- and it is expected to complete the full year with an EPS above Rs.13/-.At CMP of of Rs.71/- there is reasonable scope for further appreciation.
Good call ,Ends in upper circuit
ReplyDeletegreat , upper circuit in second day even in a weak mkt
ReplyDeletehi whts your view on tci finance
ReplyDeletecan it be bought now or is it just another operator play?
regards rajesh
hi as RBI has increased its crr by 25 pts what price range do u recommend to purchase sbi shares
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