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Shilpi Cable gains on entering into JV with Eyecom Telecommunications Equipments

09 Oct 2015 Evaluate

Shilpi Cable Technologies is currently trading at Rs. 66.75, up by 0.20 points or 0.30% from its previous closing of Rs. 66.55 on the BSE.

The scrip opened at Rs. 67.85 and has touched a high and low of Rs. 67.90 and Rs. 66.35 respectively. So far 81,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 74.50 on 09-Oct-2014 and a 52 week low of Rs. 30.60 on 29-Jun-2015.

Last one week high and low of the scrip stood at Rs. 68.00 and Rs. 60.40 respectively. The current market cap of the company is Rs. 685.00 crore.

The promoters holding in the company stood at 36.61%, while Institutions and Non-Institutions held 13.17% and 50.22% respectively.

Shilpi Cable Technologies has entered into a joint venture (JV) with the Eyecom Telecommunications Equipments, headquartered in New Zealand, one of leading RF path technology solution providers globally, to introduce Base Station Antenna (BSA) products for 2G/3G/4G for marking its foray in the next generation technology of Radio Frequency (RF).

Shilpi Cable Technologies, a separate wing of three decades old Shilpi Group. Starting with a project to manufacture RF cables, Shilpi Cables has become a specialist across the varieties of cables widely used in telecom, automobile and power sectors.


Peers
Company Name CMP
Polycab India 8184.95
KEI Industries 4841.10
RR Kabel Ltd. 1475.45
Finolex Cables 943.60
Precision Wire India 377.20
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