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Valiant Communications gains on getting approval from Delhi Transco for Digital Tele-Protection Signaling

26 Oct 2015 Evaluate

Valiant Communications is currently trading at Rs. 59.00, up by 0.50 points or 0.85% from its previous closing of Rs. 58.50 on the BSE.

The scrip opened at Rs. 60.75 and has touched a high and low of Rs. 60.75 and Rs. 55.50 respectively. So far 3623 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 66.60 on 20-Oct-2015 and a 52 week low of Rs. 18.50 on 15-Dec-2014.

Last one week high and low of the scrip stood at Rs. 66.60 and Rs. 55.10 respectively. The current market cap of the company is Rs. 41.21 crore.

The promoters holding in the company stood at 42.31% while Institutions and Non-Institutions held 0.05% and 57.63% respectively.

Valiant Communications has received the product approval from the Delhi Transco, an undertaking of Govt. of NCT of Delhi for its product “Digital Tele-Protection Signaling”. The company has also received a Letter of Award (LoA) for the supply, erection, testing and commissioning of aforesaid product for its 220KV transmission lines on turnkey basis for gross value of Rs 163 lakh.

Valiant Communications is an equipment manufacturer of telecom transmission equipment and solutions with installations in over 90 countries, worldwide. Valiant's technological strengths span a wide section of the telecom transmission area including Protection Switching solutions.

Peers
Company Name CMP
Black Box 800.80
ITI 262.70
Tejas Networks 553.20
Quadrant Televenture 0.67
Valiant Communicatns 1323.50
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