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DCX Systems surges on signing non-binding MoU with Government of Tamil Nadu
Sep-15-2025

DCX Systems is currently trading at Rs. 280.40, up by 5.40 points or 1.96% from its previous closing of Rs. 275.00 on the BSE.

The scrip opened at Rs. 280.25 and has touched a high and low of Rs. 285.75 and Rs. 277.00 respectively. So far 84885 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 393.00 on 06-Jan-2025 and a 52 week low of Rs. 200.00 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 285.75 and Rs. 262.00 respectively. The current market cap of the company is Rs. 3115.48 crore.

The promoters holding in the company stood at 52.16%, while Institutions and Non-Institutions held 5.28% and 42.56% respectively.

DCX Systems has signed a non-binding Memorandum of Understanding (MoU) with Government of Tamil Nadu (GoTN) through its Nodal Agency ‘Guidance’ to set up a state-of-the-art manufacturing facility for the Joint Venture Company (JVC) at Hosur, Tamil Nadu, one of the Defence Industrial Corridors in India, pursuant to Tamil Nadu Industrial policy 2021 and the Tamil Nadu Aerospace and Defence Industrial Policy 2022 of Government of Tamil Nadu.

Through this MOU, the Guidance will extend necessary support and facilitation to the JVC, as set forth in the MOU in the form of necessary infrastructural support and regulatory facilitation subject to applicable laws. This will help the JVC in obtaining necessary permissions, registrations, approvals, allotments, clearances, and incentives from the relevant of the Government in the State of Tamil Nadu.

DCX Systems is among the leading Indian players for the manufacture of electronic sub-systems and cable harnesses in terms of manufacturing capability and revenue in Fiscal 2022 in the defence and aerospace sector.

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