ICSA India (ICSA) was locked at 5 per cent upper circuit to close at Rs 377.40 after the technology solution provider signed a deal with ECE Industries to buy the latter’s machineries and equipment situated at the Hyderabad plant, along with available drawings, designs and data.
The transaction would enable ICSA to manufacture energy meters and use the brand name of ECE for a period of six months. The stock hit an intraday high of Rs 377.40 and a low of Rs 362.70. The counter witnessed volumes of 1,88,059 shares vis-à-vis the two-week average of 59,950 shares. The stock has gained 35.63 per cent in the last one month.
