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