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Cords Cable Industries jumps on bagging order worth $1.226 million

05 Jan 2012

Cords Cable is currently trading at Rs. 31.35, up by 1.35 points or 4.50% from its previous closing of Rs. 30.00 on the BSE.

The scrip opened at Rs. 30.25 and has touched a high and low of Rs. 32.75 and Rs. 30.25 respectively. So far 7212 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 42.00 on 15-Jul-2011 and a 52 week low of Rs. 21.85 on 26-Dec-2011.

Last one week high and low of the scrip stood at Rs. 32.75 and Rs. 25.00 respectively. The current market cap of the company is Rs. 34.34 crore.

The promoters holding in the company stood at 54.94% while Institutions and Non-Institutions held 0.11% and 44.95% respectively.

Cords Cable Industries has received, a prestigious export order amounting to $1.226 million approximately Rs 6.50 crore from its newly added customer, Arcelor Mittal, for supply of LT Power Cables at Saudi Arabia. This is the third order in a row received from Arcelor Mittal which has further strengthened company's position, in the overseas markets.

Recently, the company had received the prestigious ISO 9001:2008 certification from TUV Rheinland for its newly commissioned cable manufacturing facility at Kahrani, Rajasthan.

Cords Cable Industries is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements. Presently, it accomplishes this through customized design and development, quality manufacturing and reliable delivery of all types of LT range cables and household wires.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323