India's DCX Systems gains on 1.87 bln-rupee order win

DCX Systems

28/08/2024 08:17

** Shares of DCX Systems  DCXS.NS  gain ~4% to 344 rupees
    ** The electronic subsystems and cables maker receives order
worth 1.87 bln rupees ($22.3 mln) from an overseas customer
    ** Order size is about 5% of the company's market
capitalisation of 38 bln rupees
    ** DCXS shares up 0.2% in 2024 so far
    ** Since its listing on Nov. 11, 2022, DCXS has gained 65%
over its issue price of 207 rupees
    ** India's benchmark Nifty 50 index  .NSEI  has added 39.25%
over the same period

($1 = 83.9550 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))