India's DCX Systems hits upper circuit on orders worth 1.07 bln rupees

DCX Systems

19/08/2024 08:35

** DCX Systems  DCXS.NS  hits upper circuit, jumping 5% to
337.95 rupees; stock set to end 3-session losing run
    ** Defence electronics services firm says it won orders
worth 1.07 bln rupees ($12.8 mln)
    ** Stock on track for best day since July 2 when it rose on
$150 mln order from L&T
    ** Traded volume soars to ~4 mln shares in stock's busiest
day since July 3; up nearly 6x the 30-day avg
    ** DCX has closed in the red for three straight weeks,
falling 17.9%
    ** Stock down ~1% this year so far vs gaining ~52% in 2023

($1 = 83.9150 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))