Zicom shares down by 8 percent


Bangalore:Zicom Electronic Security Systems Limited stock was among top losers after price went down by nearly 8 percent.After opening the day at 72.00, the stock touched its 52 week high of 134.00, before closing the trade at 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 78.13 crore in the quarter ended September 2010. Sales reported to 1.23 crore in the quarter ended September 2010. The loss for quarter ended September 2010 includes net extraordinary expense of 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.