India's defense equipment maker DCX Systems up on fund raise nod

DCX Systems

17/11/2023 06:35

** Shares of Indian aerospace and defense firm DCX Systems
 DCXS.NS  rise as much as 8.8% to 344.90 rupees, their highest
since Sept. 11
    ** The company on Thursday approved fund raise of upto 5
billion rupees  ($60.05 million)
    ** Last month, co reported more than two fold surge in Q2
profit
    ** More than 3.8 mln shares traded by 11:55 a.m. IST, 5x
their 30-day avg
    ** Stock last up 5.5%, taking YTD gains to ~49% 


($1 = 83.2640 Indian rupees)

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))