Micro Technologies spurts on receiving GOI’s nod for providing secured ATMs

Micro Technologies (India) is currently trading at Rs 42.45, up by 0.90 points or 2.17% from its previous closing of Rs 41.55 on the BSE.

The scrip opened at Rs 41.95 and has touched a high and low of Rs 43.25 and Rs 41.65 respectively. So far 65020 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 44.65 and Rs 41.25 respectively. The current market cap of the company is Rs 144.09 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), a leading global developer and marketer of security devices and solutions has received permission from the Government of India (Gol) to provide secured ATMs. This authorization is for setting up, owning and operating secured ATM subject to the adherence to the stringent policy guidelines. In addition, the general guidelines governing the operations of the bank ATMS would also apply with necessary changes.

Micro Technologies' track record in providing cutting-edge complex secured ATM solutions to nationalized, private sector and cooperative banks was also the chief factor for the Government's granting authorization. Last year Micro had launched an effective ATM Security called Micro ATM Black Box or Micro ABB which is being deployed by big banks with optimal success rate in keeping ATMs a safe haven.

The government has granted permission to Micro Technologies as it is providing end-to-end secured ATMs and meeting all the stipulated stringent guidelines such as acting as the sole custodian of ATMs physical security, proper maintenance and servicing; providing voice, Braille, ramp facilities; putting customer redressal mechanism in place with a definite time frame of the grievances resolution and the preservation and protection of the security and confidentiality of the customer information in the custody or possession of the payment service provider.

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