Zicom Electronic gains as Railway Budget proposes CCTV set up for surveillance work

The stock moved higher by 7% to Rs 75 on the BSE after the government proposes to setup CCTV surveillance.

Zicom Electronic Security Systems has moved higher by 7% to Rs 75 on the BSE after the Rail Budget proposed to setup CCTV for surveillance.

Railway Minister Suresh Prabhu in Railway Budget said that the government will ensure CCTV coverage at all Tatkal counters to prevent abuse of system where passengers are denied tickets.

Zicom Electronic Security Systems engaged in the business of electronic security systems. The company offers customised solutions to meet security needs of the customers in the application areas such as Instrusion & Burglar Alarm, Access Control, Fire Detection, CCTV Surveillance, Electronic Article Surveillance, Remote Video Surveillance, Integrated Building Management, Car Park Management and Smart Card Solutions. The above systems are designed to meet the security needs of residential, retail, commercial and industrial customers.

At 12:54 PM, the stock was up 5% at Rs 73.35 on the BSE as compared to 0.25% decline in the S&P BSE Sensex. A combined 94,539 shares changed hands on the counter on the BSE and NSE.