Scripscan:Zigma Software ltd
cmp:4
Code:532177
Story:Zigma Software Limited provides consultancy, and information and technology services in India. It also involves in the agricultural activities, including the provision of bio-tech and agricultural products.Zigma Software reported net loss of Rs 0.11 crore in the quarter ended September 2011 as against net profit of Rs 0.04 crore during the previous quarter ended September 2010. There were no sales reported in the quarter ended September 2011 as against Rs 0.41 crore during the previous quarter ended September 2010.The company is a nothing company now with sales to the tune of mere 1crs.It still attracts marketcap of 16crs which is very much on the higher side.Lethargic management with little transparency adds more woes to the investor's misery.It can make a rally once the penny stock fraternity makes any move.Remains a sell on rally candidate.
