Firstcall Capital is bullish on Zylog Systems and has recommended buy rating on the stock with target of Rs 507 in its June 02, 2010 research report.
"Zylog Systems Ltd reported a rise in standalone net profit for the quarter ended March 2010. During the quarter, the profit of the company rose 126.086% to Rs 265.90 million from Rs 117.21 million in the same quarter previous year. Net sales for the quarter increased 16.48% to Rs 2118.39 million from Rs 1818.67 million in the same quarter previous year. While total income for the quarter marginally increased 1.39% to Rs 2131.09 million, when compared with the prior year period. Company posted earnings of Rs 16.16 a share during the quarter, registering 126.80% growth over prior year period. 'Buy' with a target of Rs 507," says Firstcall Capital research report.
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