VALUE PICK - ICSA INDIA

SMALL EQUITY, HIGH EPS CO.. BUT LOCATED IN HYDERABAD....CAPITALISATION 266 CRS. ^^^^^^^^^^^^^PROFIT FOR THE YEAR - PROJECTED - RS.175 CRS.___________________ EQUITY IS EXPANDING DUE TO CONVERSION OF FCCB AND EMPLOYEES STOCK OPTIONS******************************* VERY GOOD VALUE PICK IN THIS BEARISH MARKET_____________ SHORT TERM TARGET IS 79/- *****************************INTRADAY - BUY ABOVE 57.25 FOR TARGET OF 62.20 AND 64.70 STOPLOSS 55.05 FOR 9TH MARCH 2009