DCX Systems Bags Rs 563 Cr Order; Shares Rally 10.5%
Shares of DCX Systems Ltd rallied 10.5% to touch the day’s high of Rs 183.83 on 23rd March. This was after the company said on Friday (20th March) that it had received a purchase order worth Rs 563.45 crore, including taxes, from a domestic customer. The order is for the... The post DCX Systems Bags Rs 563 Cr Order; Shares Rally 10.5% appeared first on Equitypandit.
Shares of DCX Systems Ltd rallied 10.5% to touch the day’s high of Rs 183.83 on 23rd March. This was after the company said on Friday (20th March) that it had received a purchase order worth Rs 563.45 crore, including taxes, from a domestic customer. The order is for the manufacture and supply of airborne maritime patrol radar systems (MPR).
The company said the order was received in the normal course of business.
Earlier this month, DCX Systems also secured an order worth Rs 68.05 crore (including GST) from Hindustan Aeronautics Limited (HAL). The order is for the supply of customised antennas and power units for airborne use.
According to the filing, such orders are part of its regular operations. Moreover, they reflect its strong position in defence electronics manufacturing.
DCX Systems primarily focuses on system integration, manufacturing cables and wire harness assemblies, and providing kitting solutions.
At 1:04 PM, shares of DCX Systems were trading 9.53% higher at Rs 179.32 on the NSE.
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The post DCX Systems Bags Rs 563 Cr Order; Shares Rally 10.5% appeared first on Equitypandit.
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