Shares of DCX Systems Ltd hit a 5% upper circuit on Wednesday, 28 August, after the company announced bagging an order worth Rs 187 crore from overseas customers for the supply of electronic kits, which has to be executed within 12 months. 

In its regulatory filing, the company said, “We wish to inform you that the company has received a contract/order for $22,323,200 (equivalent to about Rs 187.29 crore at exchange rate of 1 USD = INR 83.90) from an overseas customer.”

Earlier this month, the company secured orders from domestic and international clients worth Rs 107.08 crore to supply electronic kits and cable & wire harness assemblies, which have to be executed within 12 months. 

The company is engaged in the manufacturing and distribution of electronic sub-systems and cable harnesses, catering primarily to the aerospace and defence sectors both domestically in India and overseas. 

In its quarterly earnings for April-June, the company reported a 69% year-on-year decline in net profit and a 19% YoY decline in revenue. The company also reported an operating loss of Rs 4.8 crore for the quarter under review due to increased costs. 

At 2:17 pm, the shares of DCX Systems were locked 4.99% higher at Rs 345.90 on NSE.

Tired of guessing stocks to trade in daily?
Unicorn Signals empowers you with powerful tools like daily stock scans for Intraday, Swing & Investing, Market Predictions and much more. Download the Unicorn Signals app today and take control of your investments!