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Micro Technologies trades jubilantly after winning mega order for UIDAI AADHAAR project

17 Dec 2012 Evaluate

Micro Technologies (India) is currently trading at Rs. 49.10, up by 5.70 points or 13.13% from its previous closing of Rs. 43.40 on the BSE.

The scrip opened at Rs. 44.50 and has touched a high and low of Rs. 50.40 and Rs. 43.25 respectively. So far 184745 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. 50.40 and Rs. 43.05 respectively. The current market cap of the company is Rs. 167.96 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 (India) (MTIL), a leading global developer and marketer of security devices and solutions has been appointed as an enrolment agency by a premier bank in Maharashtra for the implementation of GoI ambitious project -- Aadhaar -- for the bank’s different branches in the state.

The company offered its technological advanced cost effective solution to one of the Premier Bank of Maharashtra after getting empanelled with UIDAI for carrying out enrolment process for the UIDAI Project of Government of India. Due to expertise of the company in implementing bio metric based and other advanced solutions to some of the PSU’s & other agencies the project is awarded to MTIL & will be implemented by MTIL.

Additionally with the kind of expertise in GPS based solutions for Fortune 500 Petroleum Company, the GPS device of MTIL - ‘Micro Secure 93’ is amongst very few devices which had also been empanelled with UIDAI after rigorous testing for vendors to procure as GPS devices are mandatory for the enrolment in Phase II.

 

Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
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