The Hindu Business Line : Zicom shares hit upper circuit post-terror attack

“We have been getting numerous enquiries regarding our products. We have been getting calls from housing complexes, Government institutions, corporate houses and even hotels regarding the products,” Mr Rao told Business Line.

Security, it seems, is on everyone’s mind in the aftermath of the attacks, or at least that is what the share price of this security company seems to indicate.

Mumbai-based Zicom Electronic Securities Systems has sky-rocketed 10 per cent in the last two trading sessions after the terror siege in Mumbai began.

Share price high

On Friday and Monday, the share price hit the upper circuit at 4.9 per cent on the BSE.

On Friday the scrip opened at Rs 46.9, immediately after which the upper circuit limit was applied. A total of 2,662 shares were traded on that day on the BSE. On Monday, too, the scrip opened up at Rs 49.2 after which the circuit filter was applied. A total of 354 shares of Zicom were traded on that day.

Marketmen said that the share price of Zicom zoomed on the expectation that sales of security-related products would be on the rise across the country after the brazen attack by gunmen that the city had witnessed.

Mr Rao, however, said that it was too early to say if people were ready to invest in quality security systems, but there have been several enquiries.

“People should stop looking at security as expenditure but rather see it as an investment. Usually the portion in a company’s budget (for security) is the smallest; they buy products and not solutions. This approach has to change,” he said.

Mr Rao said that the products that have received the most number of enquiries have been for CCTVs, law enforcement products such as explosives detectors, metal detectors and bag screening devices. “The Government is going to be a large spender on security now. I also believe that five-star hotels are going to be the next big spenders followed by multiplexes and malls,” he added.

Zicom Electronic Security Systems manufactures electronic security systems and related components including CCTVs, fire alarm, control panels, switches, timers, and cables. The company also manufactures enterprise networking and telecom-related equipment.

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