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Stock Report
Micro Technologies to enter the US Market
Posted On : 2007-07-24 10:25:56( TIMEZONE : IST )
Micro Technologies India Ltd has announced that the Company has finalized strategic plans to expand its operations in the US market. The Company has extended its operations in the US market through one of its subsidiary Micro Technologies US Inc.
The recent FCCB funds issue would be used for extensive operations of the Company's Products in US. The revenue amounting to US $ 50 Million out of this operation is expected to flow in coming 18 months with Micro Access Control System and Micro Vehicle Black Box - Navigator.
The stock closed the day at Rs.265.90, up by Rs.3.15 or 1.20%. The total traded quantity was 34533 compared to 2 week average of 81470. The stock hit an intraday high of Rs.265.90 and low of Rs.261.05.
