Shares in the small-cap aerospace and defence sector surged 5% following the announcement of a ₹460.30 crore export order for electronic assemblies. The order, from a global leader in defence manufacturing, highlights the sector’s growing role in global partnerships and technological advancements.
Share Price movement of DCX Systems:
DCX Systems’ stock surged 5% to ₹356 per share on November 11, following the announcement of a ₹460.30 crore export order from Lockheed Martin. Year-over-year (YoY), the stock has gained over 18%, though it has slipped 2% quarter-over-quarter (QoQ) in 2024.
DCX Systems share price surge:
Shares of DCX Systems, a small-cap aerospace and defence company, surged 5% to ₹356 on November 11, after the company announced an export order worth ₹460.30 crore from Lockheed Martin Global Inc. The order is for electronic assemblies and is expected to be completed within 12 months.
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Lockheed Martin, a leading American defense and aerospace manufacturer, was formed in 1995 from the merger of Lockheed Corporation and Martin Marietta. Headquartered in North Bethesda, Maryland, the company continues to dominate the defense sector globally, with significant partnerships like this one with DCX Systems.
DCX Systems, which made its market debut on November 11, 2022, at a 39% premium, specialises in aerospace and defense electronics. The company’s order book stands at ₹1,937 crore, and its partnership with Israeli Aerospace India enhances its service capabilities. Despite a 2% slip YTD, the stock has gained 18% in the last 12 months.
Recent News:
DCX Systems’ shares hit the 5% upper circuit limit at ₹322.10 on October 29, following the announcement that its subsidiary, Raneal Advanced Systems, secured export orders from Lockheed Martin Global. This news triggered significant investor interest and a surge in the stock price.
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Stock performance of DCX Systems for 1 week, 6 months, 1 year:
The stock has shown a return of 17.8% over 1 year. Over the past 6 months, it has gained 4.2%, while in the past week, it has experienced a slight dip of 1.1%. Despite recent fluctuations, the stock continues to demonstrate strong performance, particularly in the long-term horizon.
Shareholding pattern of DCX Systems Stocks:
| Category | Sept 2024 | Jun 2024 | Mar 2024 |
| Promoters | 57.12% | 59.78% | 62.29% |
| FII | 0.77% | 1.28% | 2.30% |
| DII | 7.90% | 8.89% | 11.19% |
| Retail & Others | 34.22% | 30.05% | 24.24% |
About DCX Systems Company:
DCX Systems is a leading aerospace and defence company, specialising in providing strategic defence and aerospace electronics solutions. Established in 2011, the company offers a range of products, including cable harnesses and electrical testing setups. DCX Systems serves global clients, including Lockheed Martin, and focuses on delivering quality and innovative solutions in the aerospace and defence sector.
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Disclaimer: The above article is written for educational purposes and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
