Need Recommendation on Zicom

Experts? Investors? ur views on zicom as its constantly falling?? Views for atleast next 6months

 

Facing issues from their middle east market as the drastic fall in oil prices has hit the middle east economy. Price has reduced substantially, but it seems it is because of panic selling. It would be a good buy at the levels of 30 or less. Their Indian business of Security as a Service is taking off pretty well, and they are expecting revenues of close to 80 cr in FY 17. Also for their Middle east business, they are planning to get a strategic equity investor for long term investment.

 

Stock lost 11.76% yesterday. Surprising because security is must-have item for consumers. Should be good demand for products. No research report is there. May bounce back because of oversold position.