This gem is on a break out I guess. Company has impressive credentials:
1. Has shown excellent profits in the last quarter.
2. PE is 12.5
3. EPS is over 7.7
4. had a break out today and is a god buy for the short term at Rs 102/-. The next resistance would be around 115-118 ( which incidentally also is its 52 week high- in Jan 2009)
5. with increasing thrust on security in homes, industries and Banks, the products of the company will have a good demand in the coming days
6. Basically this is a company which puts a lot of thrust on innovation and has been the first to introduce central monitoring station and wireless security systems in India
7. Home security products brought out by Zicom are cheap and has guarentees against breakdown, which has not been seen in the market up until now.
overall, I think that the company motto of "feel safe" is correctly applicable to investors too at this stage. And why not if some money also can be made riding on this safety forays???!!
| NIFTY 
