Zylog Systems

This stock seems to be at a level which is lucrative xciting and definitely a multibagger. The EPS of the company stands to be close to 50 plus the stock is at a level of 100. The company when got listed was identified as one of the great company to invest and made high of 400 plus. Now with stock market retreating itself I guess the stock is shadowed in BFSi sector but good part about the company is it is giving sustinable growth all the ratios are close to its peers and business model is sustainable in tough times too. With expansion going through smoothly and lttle debt in the company the stock can touch 135 and above provided it holds 94.8 on clsoing basis. Yesterday it make an attempt to give a break out .Today i Guess it ll cross yesterday high and than fresh buying interest will come in. Technically the stok made a low of 61 from where it has gone up by over 67% if i believe technical the stock will give 128% rturn from its lows on a smooth run that iss close to weekly signal on charts too. So tgt of 135 looks achievable provided the accumulation was done by some good investors. Otherwise too look at polaris mphasis and other stocks I guess the valuation play will give atleast 100% plus in 2-3 qrtrs.
Nifty has seen fresh put being built at 3300 levels that is also a resistance level around 3380-3402. Do not get overwhelmed today could be used as a day to exit market is doing more than fundamentals. Though stock are there which can be looked with great respect and buy. i still reteriate a buy on JK lakshmi and unity though it has been up 20% in last two days. Buy such stocks but don get excited if it gives you great returns in short term exit becasue you people do not invest with a sense of owning a business else stay invested in all three.

Aashish