Logix Microsystems Ltd.
BSE Code: 532341
NSE Code: LOGIXMICRO
Last Close: Rs.48.65
Logix Microsystems Ltd. (LML) is a Bangalore based company and has a long client list like GE, ABB, HP, Philips, LG Polymers, Hoechst, ABN AMRO, etc. The company’s equity capital is just Rs.12.25 cr. while it has huge reserves of over Rs.165 cr. i.e. 13.4 times its equity capital. Foreign holding in this company is around 48.12% while the promoters hold 22.60%, corporate bodies hold 11.37% and the Indian public holds only 15.94%. LML has posted marvellous Q2FY09 results. Net sales zoomed by 50.38% while net profit zoomed 123.81% to Rs.4.23 cr. In H1FY09, its sales zoomed by 55.60% while net profit zoomed 177.84% to Rs.9.53 cr. Its EPS was Rs.7.77. Its 52-week high/low is Rs.393/48, which means that the stock is available at a very low price. The company paid 40% dividend (Rs.4 per share) to shareholders FY08. At the current level, the stock yields 8.33% tax-free dividend. The stock is traded at a P/E ratio of just 4.
At the current level, the LML stock looks attractive for short-to-long-term investment. Buy at every lower level with a stop loss of Rs.38. On the upper side, the stock will go up to Rs.63 level. Crossover can take the stock to Rs.81 level in less than 6 months and it can touch Rs.110 level in less than 15 months.
Source: Internet (Moneytimes)
