DCX Systems gains as its arm gets industrial license from Government of India
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DCX Systems is currently trading at Rs. 353.00, up by 6.00 points or 1.73% from its previous closing of Rs. 347.00 on the BSE.
The scrip opened at Rs. 346.00 and has touched a high and low of Rs. 354.45 and Rs. 340.00 respectively. So far 13930 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 2 has touched a 52 week high of Rs. 451.90 on 03-Jul-2024 and a 52 week low of Rs. 235.00 on 13-Mar-2024.
Last one week high and low of the scrip stood at Rs. 347.45 and Rs. 314.45 respectively. The current market cap of the company is Rs. 3865.11 crore.
The promoters holding in the company stood at 59.78%, while Institutions and Non-Institutions held 10.17% and 30.06% respectively.
DCX Systems’ wholly owned Subsidiary -- M/s Raneal Advanced Systems has received Industrial license from Industrial Licensing Section, Office of the Development Commissioner Cochin Special Economic Zone (CSEZ), EOU’s & SEZ’s in Karnataka, Ministry of Commerce & Industry, Government of India for Production, Assembly and Testing of Microwave Submodules for command and guidance units for Missile Subsystems, for integration and manufacture of Avionics & Defence Electronic Equipment and for Production, Assembly and Testing of Radar Systems and EW Systems.
Further, the Industrial License undertaking to manufacture above mentioned items shall be located at Aerospace SEZ Sector, Bengaluru, Karnataka.
DCX Systems is primarily engaged in system integration and manufacturing a comprehensive array of cables and wire harness assemblies, and are also involved in kitting.
