Optiemus Infracom gains as its arm enters into partnership with LS Spectrum Solutions
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Optiemus Infracom is currently trading at Rs. 755.60, up by 12.10 points or 1.63% from its previous closing of Rs. 743.50 on the BSE.
The scrip opened at Rs. 763.05 and has touched a high and low of Rs. 767.00 and Rs. 749.65 respectively. So far 7768 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 873.65 on 26-Sep-2024 and a 52 week low of Rs. 218.40 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 767.00 and Rs. 683.00 respectively. The current market cap of the company is Rs. 6456.03 crore.
The promoters holding in the company stood at 74.89%, while Institutions and Non-Institutions held 0.89% and 24.22% respectively.
Optiemus Infracom’s wholly owned subsidiary -- Optiemus Unmanned Systems (OUS) has entered into partnership with LS Spectrum Solutions, a leading provider of advanced drone-based spectrum analyzers and a subsidiary of Germany-based LS Telecom AG for the marketing, assembly, and distribution of LS Spectrum’s cutting-edge drone-based spectrum analysis solutions within the Indian market.
Giving further momentum to its Drone business and ‘Make in India’, Optiemus’ partnership with LS Spectrum will be a game changer for its defence offerings and will provide the company a significant edge in the market. This partnership has the potential to extend beyond drone-based solutions, delving into the market for managing, observing and defence of Spectrum thru various capabilities like spectrum surveillance, direction finding and geolocation, Electronic Support Measures, Signals Intelligence, Electronic Counter Measures, etc.
Through this strategic partnership, initially OUS will sell the advanced spectrum analyser drones for LS Spectrum. These products are poised to transform spectrum monitoring across multiple sectors especially in defence. LS Spectrum brings to the table its deep expertise in spectrum analysis technology to deliver value to the India Market and meet the objectives of ‘Make In India’. These drones will support seamless detection and analysis of spectrum usage, enabling improved management of communication frequencies in India.
Optiemus Infracom is a diversified, award-winning, high-performance telecommunications enterprise with multi-domain experience including management, distribution & marketing of mobile & telecom products in the Indian subcontinent.
