Shares of DCX systems Interest rates, which were still subdued on Wednesday morning, shot up sharply after the announcement.
What happened: The defense company informed the stock exchanges that it had received an order from a foreign customer. It is for the delivery of electronic kits. The order is worth around 22.32 million dollars (around 187 crore rupees). The order is to be processed in 18 months.
Last month, the company announced that it had won a contract from Larsen and Toubro to manufacture and supply electronic modules. The contract is to be completed within three years and is valued at around Rs 1,250 crore.
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Analysts at KRChoksey recommend the stock with a target price of Rs 519. The brokerage said it remains bullish on the stock, supported by a strong order book of Rs 1,937 crore, a healthy order pipeline in the wire and cable assembly segments and
Systems integration and a positively developing mix of systems integration and non-systems integration businesses, supported by the great potential of NIART Systems.
Price promotion: Shares of DCX Systems rose 3.20% to ₹340 on Tuesday morning.
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