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Micro Technologies trades jubilantly on securing contract on Security Solutions

06 Nov 2012 Evaluate

Micro Technologies is currently trading at Rs. 47.90, up by 3.45 points or 7.76% from its previous closing of Rs. 44.45 on the BSE.

The scrip opened at Rs. 45.25 and has touched a high and low of Rs. 48.60 and Rs. 44.90 respectively. So far 43863 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 91.38 on 22-Mar-2012 and a 52 week low of Rs. 38.05 on 11-Oct-2012.

Last one week high and low of the scrip stood at Rs. 48.60 and Rs. 40.20 respectively. The current market cap of the company is Rs. 163.36 crore.

The promoters holding in the company stood at 36.16% while Institutions and Non-Institutions held 0.88% and 62.96% respectively.

Micro Technologies, lndia's leading security solutions provider has received orders from one of the leading shipyards of the country to secure its manufacturing facility on the west coast. The shipyard is currently undergoing modernization and expansion of its facilities to adapt latest technology in shipbuilding. To achieve this, the shipyard has awarded Micro Technologies this high ticket contract on Security Solutions.

The company has received orders for deploying its sophisticated surveillance cameras in several strategic locations of the shipyard to prevent theft, sabotage, mishap, trespass and wrongful intrusion. These devices are capable of giving 350 degree view both during daytime and at night. The solutions for the shipyard have additional functionality integrating with video analytics, and mobile surveillance to bolster the security level to combat readiness.

Micro Technologies (lndia) is marketer of security solutions for its clients. lt is an ISO a leading global developer and 9OO1, 27OOL & 14001 Certified Company with products approved and certified by many national and internationat certifications like NASSCOM, ERTL, ARAI and UL & EMC.

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