Equity Alert: Zicom Electronic up 2.5% on 75-mln-rupee order win
Equity Alert: Zicom Electronic up 2.5% on 75-mln-rupee order win
MUMBAI--11:20AM--Shares of Zicom Electronic Security Systems rose
over 2% to
92 rupees after the company bagged an order worth 75 mln rupees,
dealers said.
The order involves supply, installation, commissioning, and
project
management of wireless broadband outdoor surveillance system in
Gurgaon.
"The order is no doubt a positive for the counter, but there is
hardly any
volume and stock movement will be very erratic because of this," said
a dealer.
So far today, 5,351 shares of the company have been traded on NSE.
"The stock is facing selling pressure at higher levels and for it
to cross
the day's high of 92.85 rupees conclusively will be challenging," the
dealer
said.
He sees resistance for the stock first at 92.00-92.85 rupees,
crossing which
it could go up to 93.00-93.50 rupees. It is drawing support at
89.95-89.90 rupees.
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