DCX Systems has recently announced securing ₹107 crore worth of orders from both domestic and international clients. These orders are set to be fulfilled within a year and involve supplying electronic kits, cables, and wire harness assemblies.

Key Details

  • Order Value: ₹107 crore
  • Products: Electronic kits, cables, and wire harness assemblies
  • Order Timeline: Expected to be completed within a year
  • Clients: Both domestic and international

Stock Performance

Despite the positive news, DCX Systems’ stock experienced a 3% decline on Friday, August 16, closing below ₹320. The drop came as a surprise given the company’s strong order book.

KR Choksey’s Investment Recommendation

Brokerage firm KR Choksey has issued an optimistic recommendation for DCX Systems, highlighting the potential for significant growth.

  • Target Price: ₹519
  • Expected Gain: Over 60% from Friday’s closing level
  • First Quarter Performance: Typically slower, with this year being no exception
  • Subsidiary Performance: Raneal Advanced Systems reported ₹42 crore revenue for the quarter
  • Railway Joint Venture: Ready to begin production
TOPICS: DCX Systems