Adtech Systems surges on inking MoU with Sys-pro Gmbh
Adtech Systems is currently trading at Rs. 85.55, up by 1.39 points or 1.65% from its previous closing of Rs. 84.16 on the BSE.
The scrip opened at Rs. 84.00 and has touched a high and low of Rs. 87.00 and Rs. 83.45 respectively. So far 1646 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 180.95 on 15-Jul-2024 and a 52 week low of Rs. 62.34 on 19-Jun-2024.
Last one week high and low of the scrip stood at Rs. 87.00 and Rs. 78.35 respectively. The current market cap of the company is Rs. 101.25 crore.
The promoters holding in the company stood at 67.88%, while Institutions and Non-Institutions held 0.84% and 31.28% respectively.
Adtech Systems has signed a Memorandum of Understanding (MoU) with Sys-pro Gmbh, Germany for development and marketing of Rodio Frequency Identification (RFID) products and solutions. The MoU was signed by the company on January 29, 2025. Sys-pro will mostly look after technical, R&D and manufacturing support and the company will mostly look after market development. The MoU is valid for 3 years, initially.
Both companies expect to benefit from the increasing RFID demand arising from retail sector in India and UAE with the introduction of performance oriented and competitively Priced RFID products and solutions.
Adtech Systems is a specialist company in Integrated Electronic Security Systems.
