India's DCX Systems surges on JV with Israel's ELTA

DCX Systems

31/08/2023 07:27

** Shares of DCX Systems Ltd  DCXS.NS  rise as much as 6.2%
to an all-time high of 348.75 rupees
    ** Defense electronics services firm on Wednesday entered
into a joint venture with Israel Aerospace Industries unit ELTA
Systems Ltd
    ** JV to develop obstacle detection solutions and optics
technology for railway industry
    ** Trading volume at ~1.2 mln shares, 1.1x the 30-day avg of
~1.1 mln shares as of 11:40 a.m. IST
    ** Stock up ~7.9% since its market debut in Nov. 2022


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))