Story:Allsec Technologies Limited provides business process outsourcing services in India, the United States, and internationally. It offers outsourced solutions in customer engagement, sales and retention, and quality assurance for businesses, such as BFSI, insurance, telecommunication, retail, healthcare, energy and utilities, and technology. The company provides outsourced services, such as customer service, sales support, customer retention, satisfaction management, collections/debt consolidation, e-mail and correspondence, and indexing services for banking and financial services sectors; and account maintenance, billing, value added services, tech support, complaint management, and customer retention services to telecom providers ranging from wire line service providers to wireless/mobile companies. It also offers product and packaged solutions, including quality assurance, data management, technical helpdesk, and Web development services; and call center services for insurance and healthcare companies. In addition, the company provides payroll services, such as payroll and tax processing, benefits administration, reporting and data mining, employee self service portal, and JV processing and FA uploads; and Allsec SmartLeave, a Web-based application that automates and manages a client's leave process. Allsec Technologies reported net loss of Rs 1.05 crore in the quarter ended March 2012 as against net loss of Rs 4.00 crore during the previous quarter ended March 2011. Sales declined 7.22% to Rs 31.24 crore in the quarter ended March 2012 as against Rs 33.67 crore during the previous quarter ended March 2011.For the audited full year, net loss reported to Rs 14.70 crore in the year ended March 2012 as against net loss of Rs 3.94 crore during the previous year ended March 2011. Sales declined 11.89% to Rs 124.71 crore in the year ended March 2012 as against Rs 141.54 crore during the previous year ended March 2011.I am not quite sure inspite of such horrendous numbers how could allsec moved to a level of 37 from the lows of 9-10rs.My sources claim of some takeover buzz to which I have got no knowledge off.There can be restructuring news too.In any case at present levels one should shy away till any clear news comes to the arena.Investors holding it may sell at rallies and move on to something better.However in case it marks a solid turnaround one can cling to it hoping for such consistent numbers,if at all.