Zicom zooms as terror expected to bring demand

DALAL STREET SPIKES

Zicom Electronic Security Systems was locked at an upper circuit of 4.9 per cent at Rs 49.2 on anticipation that the recent terror attacks in Mumbai would boost demand for security products such as access control systems, closed circuit television surveillance and fire alarm systems across the country.

The counter saw thin trading with volumes of only 354 shares (two-week average of 4,004 shares). The stock made a 52-week high of Rs 270.2 (January 08, 2008) and a low of Rs 40 (October 24, 2008). The stock rose around 9 per cent over the last one week.