Micro Technologies trades with traction on the bourses

18 Feb 2013

Micro Technologies (India) is currently trading at Rs. 38.60, up by 0.05 points or 0.13% from its previous closing of Rs. 38.55 on the BSE.

The scrip opened at Rs. 38.20 and has touched a high and low of Rs. 39.00 and Rs. 38.05 respectively. So far 12556 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. 37.00 on 31-Jan-2013.

Last one week high and low of the scrip stood at Rs. 41.35 and Rs. 38.10 respectively. The current market cap of the company is Rs. 131.30 crore.

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

Leading developer and marketer of security devices and solutions, Micro Technologies’ (India) flagship vehicle security product Micro Vehicle Black Box (Micro VBB) has successfully cleared several additional tests from leading national test laboratories. Micro VBB has met with the stringent requirements of Laboratory. The high standards stipulated by these renowned national testing bodies obligated Micro VBB to ensure its operation under all weather conditions including dusty environments and heavy rainfall without any electrical hazard.

Micro VBB scored high on both conditions. It meets IP67 and ISO 7637 standards admirably.  It is now weather and tamper proof and can operate in industry and drenched environments unaffected. With this development in the product line MTIL has assumed greater potential from auto mobile industry and has bagged a few major orders recently.

IP67 means no dust and water ingress at all, and in a sensitive piece of electronic equipment that's used outdoors, that may definitely be a requirement. It may be recalled that Micro Technologies has already received compliance certifications for its Micro VBB from other prestigious national and international testing organizations like PESO, ERTL, EMC and SAIAS. By passing the tough tests Micro VBB has staked its claim as the most weather proof security device capable of operating in all conditions without getting affected by surrounding environments.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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