Micro Technologies moves up on bagging order in banking security sector

Micro Technologies is currently trading at Rs. 140.80, up by 0.10 points or 0.07% from its previous closing of Rs. 140.70 on the BSE.

The scrip opened at Rs. 138.55 and has touched a high and low of Rs. 141.95 and Rs. 138.55 respectively. So far 4759 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 182.75 on 22-Mar-2012 and a 52 week low of Rs. 99.00 on 11-Aug-2011.

Last one week high and low of the scrip stood at Rs. 148.95 and Rs. 138.05 respectively. The current market cap of the company is Rs. 240.86 crore.

The promoters holding in the company stood at 33.74% while Institutions and Non-Institutions held 1.02% and 65.21% respectively. 

Micro Technologies India, India’s leading security solutions provider has been empanelled to provide security solutions to one of the largest and oldest commercial banks. The empanelment and consequent successful installations comes because of the company’s capabilities in offering robust security solutions to the banking sector. 

The company has been chosen amid stiff competition as the company is well equipped to manage the growing challenges of the banking industry and meet its stringent requirements. The successful implementation of its products augurs well for the company to replicate it to the bank’s numerous branches across the country.

In conjunction with providing security to banks, the company has also come out with a unique security solution called Micro ABB to protect ATM Centers, prevent heists and manage the ATM premises more efficiently. Apart from Micro ABB, the company has other unique solutions exclusively meant for the banking sector, which seamlessly monitors the operations and serves its security needs.

Micro Technologies, is a leading India-based IT company that offers cutting edge security solutions. The company aims to display not just the technological innovation and prowess, but also the product diversity in various segments of vehicle, premises, mobile, other assets and energy & health segments.