ICSA up 5 per cent on patent grant

DALAL STREET SPIKES

IT firm ICSA India's scrips went up 5 per cent on Tuesday to Rs 566.85 after the company said it was granted patent for one of its monitoring product used in power distribution industry.

The volumes too shot up by more than 100 per cent to nearly 96,000 after the announcement. The stock, which was performing well throughout last year ended at its lifetime high of around Rs 730 in early January this year. It then fell steadily for the next two months before settling at Rs 477 by the end of February.

According to the company's announcement, the Controller of Patents, Regional Patent Office, has given ICSA a provisional patent for one of its Distribution Transformer Monitoring System.