Zicom Electronic Security Systems was locked at upper limit of 5% at Rs 59.70 on BSE on reports of the company bagging a Rs 8.50-crore order from Gurgaon police for security products.
The stock had a 52-week high of Rs 270.20 on 8 January 2008 and a 52-week low of Rs 40 on 24 October 2008.
The Zicom stock is in demand lately on hopes the recent terror attack in Mumbai may boost demand for security products across India. The stock is up 33.55% in six consecutive sessions from a recent low of Rs 44.70 on 26 November 2008.
Terrorists struck Mumbai on Wednesday, 26 November 2008 night, killing 183 people. The operation to flush out the terrorist was completed on Saturday, 29 November 2008.
The small-cap security system maker has an equity capital of Rs 12.70 crore. Face value per share is Rs 10.
The current price of Rs 59.70 discounts its Q2 September 2008 annualised EPS of Rs 8.76, by a PE multiple of 6.81.
Zicom Electronic Security Systems has reportedly signed a deal with Gurgaon police to implement wireless city surveillence project. The order, originally approved in September 2008, was finalised with few modifications on Thursday (4 December 2008), report added. Earlier the order was size was pegged at Rs 7.50 crore.
The project to install 148 close-circuit television cameras connected to Wi-Max network will be completed in 120 days.
Zicom Electronic Security Systems' net profit rose 69.5% to Rs 2.78 crore on a 14.6% rise in sales to Rs 46.30 crore in Q2 September 2008 over Q2 September 2007.
The company's principal activities are to sell, install and maintain security systems and providing monitoring services.
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