Page 2 - Dcx Systems News Today

The 30-share BSE benchmark Sensex tumbled 580 pts from days high and ​​fell 238 points or 0.37% to settle at 63,874. The broader NSE Nifty declined 61 points or 0.32% to end at 19,079. Among Sensex stocks, Sun Pharma and M&M were the top laggards, falling over 2% each. Bharti Airtel, ICICI Bank, IndusInd Bank, and Reliance Industries also closed in the red.

The stock has a P/E of 38.27x making it the second cheapest in absolute terms among its peers.

Cyient DLM has initiated its initial public offering for subscription, with a price band of INR250-265 ($3.36-$3.55) and a proposed market capitalisation of INR2,102 crore. The entire IPO comprises fresh equity shares worth up to INR592 crore. Analysts recommend subscribing to the issue for the long term, given attractive valuations, strong growth potential and the companys focus on the entire life cycle of a product. Cyient DLM is a printed circuit board assembly solutions specialist with long-...

Increased activity in manufacturing and defence will in turn lead to growth in banking, while higher discretionary spends would help drive the consumption sector.

DCX Systems IPO: The qualified institutional buyers' (QIBs') portion got subscribed 84.32 times, while the non-institutional investors' category received 43.97 times subscription. The quota for retail individual investors (RIIs) got subscribed 61.77 times.

The three-day subscription window for DCX Systems' IPO (public issue) closed on Wednesday.

The initial public offering of DCX Systems, manufacturer of cables and wire harness assemblies, received 69.79 times subscription on the final day today.

DCX System’s Rs 500-crore issue attracted bids for 6,04,71,144 shares by 12.40 pm, which was 4.17 times the issue size of 1,45,11,146 shares

The initial public offering of DCX Systems saw strong participation from investors as its issue was subscribed 2.11 times at the end of Day 1.

Cable harnesses manufacturer DCX Systems launched its Rs 500-crore initial public offering today.