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Micro Technologies shines on inking agreement with Bermuda based company G.E.T.

11 Jul 2012 Evaluate

Micro Technologies is currently trading at Rs. 139.85, up by 1.15 points or 0.83% from its previous closing of Rs. 138.70 on the BSE.

The scrip opened at Rs. 139.00 and has touched a high and low of Rs. 140.90 and Rs. 138.15 respectively. So far 8343 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.75 on 22-Mar-2012 and a 52 week low of Rs. 99.00 on 11-Aug-2011.

Last one week high and low of the scrip stood at Rs. 150.50 and Rs. 136.55 respectively. The current market cap of the company is Rs. 238.56 crore.

The promoters holding in the company stood at 33.74% while Institutions and Non-Institutions held 1.02% and 65.21% respectively. 

Micro Technologies (India), a leading global developer and marketer of security solutions provider has signed a formal agreement with G.E.T., Hamilton, Bermuda based company for offering its security products and solutions with an yearly commitment of $10 million after successful installation for City Surveillance Project in this small North Atlantic nation spread over 80 islands.

The company is already actively present in 32 countries around the world. With this project, both the company and G.E.T. aims to assist Bermuda in identifying challenges of managing risks in the current set up, and contributing to address those challenges successfully. In short, this project lays a strong foundation for an effective SIKR protection, prevention of disaster, timely response, mitigation and recovery.

Micro Technologies, is a leading India-based IT company that offers cutting edge security solutions. The company aims to display not just the technological innovation and prowess, but also the product diversity in various segments of vehicle, premises, mobile, other assets and energy and health segments.

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