Electronics Stock Rallies As Subsidiary Gets Nod To Make Printed Circuit Board Assemblies

Small cap stock DCX Systems Ltd on Monday witnessed a rally of 4.01% soon after its subsidiary Raneal Advanced Systems Private Limited received approval to commence production of Printed Circuit Board Assembly (PCBA) from 25th September 2023 onwards. Current market price of DCX Systems share is Rs 306.40 per share on BSE. DCX Systems stock offered return of 102% in last 6-months. Check details below:

DCX Systems' Subsidiary obtains approval to make Printed Circuit Board Assemblies: According to the regulatory filing issued today, "Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that M/s. Raneal Advanced Systems Private Limited, Wholly Owned Subsidiary of the Company having its manufacturing unit situated at Plot No. 107, 29 & 30 of Aerospace SEZ Sector, Hitech Defence and Aerospace Park, Kavadadasanahalli Village, Devanahalli Taluk, Bangalore Rural, has received all the necessary approvals and is ready to commence the commercial production of Printed Circuit Board Assembly from 25th September 2023 onwards."

DCX Systems Stock Performance, Return Over Years: Current market price of DCX Systems share is Rs 306.40 per share on BSE. Its 52-week high price is Rs 351.30 per share and 52-week low price is Rs 138.90 per share, respectively. Its market capitalisation as of September 25 is Rs 2,963.61 crore. DCX Systems shares rallied 17% in last 3-months, gained 102% in last 6-months, and soared 37% YTD. DCX Systems stock fell 11% in last 2-weeks.

DCX Systems Financials: The company, operating in electronics sector, for the quarter ended June 30, 2023 announced its net sales at Rs 170.10 crore, down 20.23% as against 213.25 in June 2022. It declared its quarterly net profit at Rs 9.60 crore in June 2023, up 72.36% as against Rs 5.57 crore in June 2022. The company's EBITDA stood at Rs 18.98 crore in June 2023, up 59.36% as against Rs 11.91 crore in June 2022.

Disclaimer

The stock just highlights the rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for ay losses. Please consult a professional advisor.