Micro Technologies gains on bagging order for Micro VTS

22 Apr 2013 Evaluate

Micro Technologies is currently trading at Rs. 27.60, up by 0.55 points or 2.03% from its previous closing of Rs. 27.05 on the BSE.

The scrip opened at Rs. 28.50 and has touched a high and low of Rs. 29.40 and Rs. 26.85 respectively. So far 37,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.98 on 20-Apr-2012 and a 52 week low of Rs. 23.20 on 26-Mar-2013.

Last one week high and low of the scrip stood at Rs. 29.50 and Rs. 26.50 respectively. The current market cap of the company is Rs. 94.00 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 India’s leading natural gas distribution corporation for supply, installation and maintenance of vehicle tracking systems (Micro VTS) for the operations and maintenance of light commercial vehicles (LCV). The company received an official communication to this effect from PSU, which has the distinction of pioneering the natural gas distribution network in Mumbai and its neighboring areas.

The company’s cutting-edge security solutions, time-tested quality products certified by renowned national and international testing bodies, their track records’ and effectiveness and the company’s ability to manage big projects were the main reasons for the big corporations and PSU to engage this leading security solutions provider. Micro Technologies is already empanelled by PSUs, Maha-Navaratna PSUs and leading companies and banks both in the public and private sectors.

Micro Technologies (India) is marketer of security solutions for its clients. It is an ISO a leading global developer and 9001, 27001 & 14001 Certified Company with products approved and certified by many national and international certifications like NASSCOM, ERTL, ARAI and UL & EMC.

Peers
Company Name CMP
TCS 3954.40
Infosys 1438.75
HCL Tech. 1324.10
Wipro 455.00
Tech Mahindra 1267.15
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