OMNITECH will start going-up from this week.The
stock is expected to cross its Previous 52 Week High of
Rs.150/- Plus.This is the only stock in MIDCAP Segment
ignored for Long.This stock is now available at a PE of just 5.The EPS for the year ended Seo.2009 is 24.3.Its
Equity is rs.13.14 Crores. Its Book Value is Rs.93/-
Its Clients are in Remote Infrastructure Management Services.(RIMS).The Company is reportedly planning to grow in an InOrganic Way.
My disclosure; Iam holding 800 shares of OMNITECH.
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Hey Buddy Kanakadhara, your prediction was on the dot,I am also of the same view as you can see from my message below. Even though this takes a long time to wake up, when it does, it makes up for the lost time in no time. Something is cooking up for sure, possibly the aquisition news might be out shortly,20% UC is due if this happens. Zylog Systems is another midcap IT stock which trades at a low P/E. This rally in Omnitech could take it to its first immediate hurdle/target of 160.
the stock has taken support at 128 levels and now will move up 20 -30 %, it went to 127 yesterday morning and held on for one and a half trading session and moved up to 130 , that is great
| NIFTY 
