DCX Systems surges on receiving Industrial license from CSEZ
DCX Systems is currently trading at Rs. 293.00, up by 8.30 points or 2.92% from its previous closing of Rs. 284.70 on the BSE.
The scrip opened at Rs. 292.00 and has touched a high and low of Rs. 296.95 and Rs. 291.30 respectively. So far 80019 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 445.25 on 08-Jul-2024 and a 52 week low of Rs. 200.00 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 296.95 and Rs. 272.30 respectively. The current market cap of the company is Rs. 3263.07 crore.
The promoters holding in the company stood at 56.85%, while Institutions and Non-Institutions held 5.20% and 37.95% respectively.
DCX Systems has been granted an Industrial license from Industrial Licensing Section, Office of the Development Commissioner, Cochin Special Economic Zone (CSEZ), EOU’s & SEZ’s in Karnataka, under the Ministry of Commerce & Industry, Government of India. The Industrial license is for the production, assembly and testing of radar systems and EW systems; and integration and manufacture of avionics & defence electronic equipment. The industrial license is valid for 15 years.
Further, the Industrial License undertaking to manufacture above mentioned items shall be located at Aerospace SEZ Sector, Bengaluru, Karnataka.
DCX Systems is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in Fiscal 2022 in the defence and aerospace sector.
.jpg)
