Pestech has been reporting increasing profits for 2 consecutive quarters. Record profit in last quarter despite drop in revenue. 

Strong and growing fundamental 

1. Growing revenue and profits over the years

2. This is a business with very good margin

3. Order book can last till 2019, provides very clear earnings visibility

Promising Outlook

4. Growing needs for power in the region offer huge growth potential to PESTECH

Moderate Valuation

5. Valuation with PE at 14 is acceptable.

A growth stock to watch and suitable for mid to long term investment.