COMPANY NAME – APTECH Ltd.
RECOMMENDATION – BUY
TARGET – 240

COMPANY BASIC INFORMATION

ISIN Id – INE266F01018
BSE Id – 532475
NSE Id – APTECHT
INDUSTRY Computers – Software – Training
Market Cap – 895.40
Book Value – 35.21
Price/Book – 5.47
Face Value – 10.00
P/C – 9.42
Div (%) – 0.00
Div Yield (%)    -
P/E – 10.92
EPS – 17.63

STOCK PRICE HISTORY

All Time High – 449.70
All Time Low – 23.00
52 Week High – 295.45
52 Week Low – 64.80

DAILY CHART-

Recommendation-

The stock had a spectacular up move from 65 levels in March 09 to 295 levels in September 09. However it went under an intermediate correction from 295 in September 09 to 165 levels in November 09. The stock found a support around these levels and formed a base around its 200 SMA. Now the stock has consolidated for more than 2 months, it is ready to surge again. We expect the stock to discount the budget related announcements to the respective sector before the General Budget. We recommend a Buy on the stock for a target of 240 in 1-2 months.