DCX Systems surges on incorporating wholly owned subsidiary
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DCX Systems is currently trading at Rs. 298.60, up by 2.55 points or 0.86% from its previous closing of Rs. 296.05 on the BSE.
The scrip opened at Rs. 295.15 and has touched a high and low of Rs. 299.60 and Rs. 295.15 respectively. So far 17477 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 351.30 on 05-Sep-2023 and a 52 week low of Rs. 138.90 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 305.00 and Rs. 293.05 respectively. The current market cap of the company is Rs. 2880.91 crore.
The promoters holding in the company stood at 71.73%, while Institutions and Non-Institutions held 9.98% and 18.29% respectively.
DCX Systems has incorporated wholly owned subsidiary (WOS) in the name and style of ‘NIART Systems’ as approved by Registrar of Companies, Israel. The company has incorporated WOS on October 15, 2023.
The objective of incorporation is to carry on the Business of developing, producing and distributing, globally, obstacle detection solutions based on radar and optics technology for railway industry.
Earlier, the company had executed a Joint Venture Agreement with ELTA Systems.
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.
