DCX Systems at 5% UC

DCX Systems is on a roll; from its close of Rs.319.75, it opened higher today at Rs.326 and soon hit the 5% UC of the day at Rs.335.70. Its 52-week high is Rs.451.90.

The stock reacted positively to its announcement on Friday that it has received multiple orders from domestic as well as abroad, totalling Rs.107 crore.

This is for supply of electronic kits and cable & wire harness assemblies.

DCX specializes in offering full-service solutions and manufacturing of electronic systems, sub-systems, and cable & wire harness assemblies for both international and domestic clients.

Last month it has received an order worth Rs.1250 crore from L&T and in June, it entered into a Supply and Services Agreement with Israel Aerospace India for the supply and repair of spare parts and electronic components.

Company’s performance was Q1FY25 was not very encouraging – on a 19% (YoY) decline in revenue at Rs.138 crore, its net profit came in at a mere Rs.3 crore, down 70%.