Micro Technologies surges on plan to provide security solution to educational institutions

06 Mar 2013

Micro Technologies is currently trading at Rs. 41.15, up by 0.55 points or 1.35% from its previous closing of Rs. 40.60 on the BSE.

The scrip opened at Rs. 38.40 and has touched a high and low of Rs. 42.20 and Rs. 38.40 respectively. So far 45,000 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. 34.00 on 27-Feb-2013.

Last one week high and low of the scrip stood at Rs. 41.50 and Rs. 34.00 respectively. The current market cap of the company is Rs. 140 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 orders from renowned educational institutions to provide security to their campuses in the commercial capital. These security solutions from Micro will enable to provide security cover to students and faculties of some of the top 50 educational institutions and business schools. Besides providing safety and security for the students and assets of the educational institutions, they also deter miscreants in the campus and thereby ensuring safer educational environment and eliminating problems for their administrators.

The orders are for the supply, installation and commissioning of various surveillance devices such as multi-zone video detectors, intelligent  security systems, access control systems, attendance management, server hardware and software to give fool-proof security in and around the campus.

Micro Technologies is already offering its security solutions to renowned universities and colleges in India for both governments aided and privately funded and the present contracts increase its educational institution portfolio.

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