Zicom Electronic Security Systems is currently trading at Rs 91.00, up by 0.95 points or 1.05% from its previous closing of Rs 90.05 on the BSE.
The scrip opened at Rs 91.90 and has touched a high and low of Rs 91.90 and Rs 90.40 respectively. So far 1002 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 100.50 on 07-Dec-2012 and a 52 week low of Rs 33.70 on 15-Mar-2012.
Last one week high and low of the scrip stood at Rs 94.00 and Rs 88.30 respectively. The current market cap of the company is Rs 153.08 crore.
The promoters holding in the company stood at 21.39% while Institutions and Non-Institutions held 6.48% and 72.12% respectively.
Zicom Electronic Security Systems has received an approval to sell-off Zicom CNA Automation, a non-operative wholly-owned subsidiary (WOS) of the company. The board at its meeting held on February 12, 2013 has approved for the same.
The board has also approved for entering into memorandum of understanding (MOU) by the company and its subsidiary, Unisafe Fire Protection Specialists LLC, Dubai with ASYAD Holdings LLC and Advanced Triad Turbine Services Company, both belonging to ASYAD Group of Saudi Arabia. The MOU is mainly targeted to ASYAD Group projects, and to jointly develop and target third party projects in Saudi Arabia and also provides for setting-up of Joint Venture Company in Saudi Arabia.
ASYAD Group, based in Saudi Arabia, is a fast growing business conglomerate with world-wide interests in a wide range of business activities and operations in diversified fields, including engineering, construction, contracting and trading, manufacturing and operations and maintenance services.
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