Zicom Electronic spurts on bargain hunting

Zicom Electronic Security Systems rose 16.24% to Rs 31.85 at 14:05 IST on BSE on bargain hunting after a recent slide.

Meanwhile, the S&P BSE Sensex was down 192.75 points, or 0.62% to 31,069.31.

On the BSE, 2.02 lakh shares were traded in the counter so far, compared with average daily volumes of 35,427 shares in the past one quarter. The stock had hit a high of Rs 32.85 and a low of Rs 27 so far during the day. The stock hit a 52-week high of Rs 52.60 on 31 August 2016. The stock hit a 52-week low of Rs 23.10 on 1 June 2017.

The stock had underperformed the market over the past one month till 9 June 2017, falling 26.44% compared with 3.34% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 30.19% as against Sensex's 8% rise. The scrip had also underperformed the market in past one year, falling 41.83% as against Sensex's 17.37% rise.

The small-cap company has equity capital of Rs 41.22 crore. Face value per share is Rs 10.

Shares of Zicom Electronic Security Systems fell 17.35% in five trading sessions to settle at Rs 27.40 on Friday, 9 June 2017, from its close of Rs 33.15 on 2 June 2017.

On a consolidated basis, Zicom Electronic Security Systems reported net loss of Rs 191.34 crore in Q4 March 2017 as against net loss of Rs 42.61 crore in Q4 March 2016. Net sales declined 70.10% to Rs 77.61 crore in Q4 March 2017 over Q4 March 2016.

Zicom Electronic Security Systems makes security surveillance products like CCTV surveillance system, access control system, fire alarm system, multi-apartment video door phones, video door phones, intruder alarm system, fingerprint locks, and Remote Managed Services (RAM).

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