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Zicom shares down by 8 percent

Tuesday, 02 November 2010, 22:48 IST
By SiliconIndia
Bangalore:Zicom Electronic Security Systems Limited stock was among top losers after price went down by nearly 8 percent.After opening the day at Rs. 72.00, the stock touched its 52 week high of Rs.134.00, before closing the trade at Rs.65.60, with loss of 7.52 percent.Through the day, 124499 shares of Zicom Electronic Security Systems Limited were traded in the market.

Zicom Electronic Security Systems Limited is an India-based company. It operates in the security systems and automation segment. The Company's products and services include closed circuit television (CCTV) surveillance systems, digital video recorders, fire alarm, fire prevention and fire extinguishing products, access control systems, finger print locks, video door phones and home alarm systems.

Zicom Electronic Security Systems reported net loss of Rs. 78.13 crore in the quarter ended September 2010. Sales reported to Rs. 1.23 crore in the quarter ended September 2010. The loss for quarter ended September 2010 includes net extraordinary expense of Rs.66.65 crore.

The company transferred assets and liabilities of Electronic Security Systems Business comprising of its two divisions, namley Building Solutions Group and Special Projects Group and the business of Zicom CNA Automation Ltd to Schneider Electric India Pvt Limted.
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