Aptech Ltd. - Mid Cap Tech Stock Breaking Out

Traderji · #1 25th November 2004, 11:11 AM

Aptech Ltd. - Mid Cap Tech Stock Breaking Out

Sunshine days return for software training industry

Just a year ago, only die-hard optimists expected the software training market will ever look up. After it shrank 35 per cent to Rs 1,600 crore in 2002, a holocaust took care of the smaller fry — Wintech, Zap and a brood of others vanished in no time.

But that was the past. In the carnage and reorganisation since 2000’s dotcom bust, the mighty in IT education have more than survived. There’s now talk of making a killing — beginning with a war over market share.

Aptech Q2 net up 8% at Rs 4.22 cr

Aptech Ltd has posted a net profit of Rs 4.22 crore for the quarter ended September 30, 2004, up by 8 per cent compared with Rs 3.9 crore in the corresponding quarter of the previous fiscal.

Income from operations has slipped by 24.4 per cent to Rs 20.18 crore from Rs 26.7 crore in the corresponding quarter of last year. The lower income is due to a drop in institutional revenues in the quarter at Rs 8.35 crore against Rs 15.28 crore in the corresponding quarter last year.

Aptech ties up with Telelogic to offer software analyst course

Aptech Ltd recently announced its tie-up with global IT solutions provider Telelogic to offer the latter's Certified Software Analyst course through its SSI Education centres in India.

"Customers in the US and Europe are looking at Indian companies as strategic partners who can manage their entire system and this is possible only if Indian companies use automation... Our collaboration with SSI education will provide high-end trained engineering graduates to Indian companies," Telelogic managing director Sidharth Malik was quoted as saying in a SSI release.

SSI, a division of Aptech Ltd, will offer hands-on training on the Telelogic tools which will help capture requirements, manage change and enable visual software engineering, it added.

See attached chart for trading signal, stoploss and profit targets.

Traderji · #2 30th November 2004, 01:06 PM

Aptech is currently in a correction mode. Wait for the correction to complete before going long.

cj99 · #3 7th December 2004, 10:03 AM

Hello Traderji,
I had bought aptech shares after your comment on the uptrend and saw your enxt post only afterwords. Should I still hold it? Also wanted to know the future of VSNL as I have some stocks bought at 230. What are the immidiate targets if any.

Thanks, Appreciate it.
CJ

Traderji · #4 7th December 2004, 10:11 AM

Quote:

Originally Posted by cj99

Hello Traderji,
I had bought aptech shares after your comment on the uptrend and saw your enxt post only afterwords. Should I still hold it? Also wanted to know the future of VSNL as I have some stocks bought at 230. What are the immidiate targets if any.

Thanks, Appreciate it.
CJ

Please read my comment on the attached image in my first post. This will answer your question on Aptech.

As far as VSNL is concerned you can look forward to a target of 275.00

cj99 · #5 7th December 2004, 11:27 AM

thank you. I think you're calls are the best in the market. Even BillUday's call are like magic. I remember him recomending Rallis at 110 and I bought it. It went down to 98 and now its at 250!!! Brilliant...Just Brilliant. You guys are doing a great job.

Cheers,
CJ

vikasdewan · #6 20th December 2004, 10:56 PM

Hi Traderji,
The breakout in Aptech happened close to a month back and it has been correcting ever since.

Is it still a hold and will we see it crossing the earlier high of around 50 Rs ? Also, is the Intermediate target of Rs.65 still valid??

Thanks

Vikas

Traderji · #7 21st December 2004, 10:28 AM

Quote:

Originally Posted by vikasdewan

Hi Traderji,
The breakout in Aptech happened close to a month back and it has been correcting ever since.

Is it still a hold and will we see it crossing the earlier high of around 50 Rs ? Also, is the Intermediate target of Rs.65 still valid??

Thanks

Vikas

Sometimes stocks take a longer time than normal to reach their targets. Anyway if you are following the signal. I suggest you to keep a stoploss at 40.00 as mentioned in the first post.

vikasdewan · #8 8th January 2005, 07:14 PM

Hi Traderji,
The wait in Aptech seems to go on forever. It recently went up to around 48 levels only to come down again........

Moreover, the break-outs ( if they can be so called) always occur with really large volumes........what is this indicative off and should one hold on for the long term as nothing really is happening in the past 2 months at least........... does the monthly chart give any indications as well?

Appreciate your prompt reply as always.............

Regards

Traderji · #9 8th January 2005, 07:39 PM

Aptech has not performed as expected. Although the breakouts occur on large volumes there is no follow through buying.

If you are still holding a long position please follow the stoploss I have mentioned in my first post (Rs. 40.00).

vijayashankar · #10 13th January 2005, 06:43 PM

I think now its time to buy Aptech.

Vijay

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