Cords Cable Industries is currently trading at Rs 24.25, up by 0.90 points or 3.85% from its previous closing of Rs 23.35 on the BSE.
The scrip opened at Rs 24.10 and has touched a high and low of Rs 24.50 and Rs 23.60 respectively. So far 2818 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 21.70 on 11-Jun-2012.
Last one week high and low of the scrip stood at Rs 24.70 and Rs 22.50 respectively. The current market cap of the company is Rs 26.68 crore.
The promoters holding in the company stood at 56.36% while Institutions and Non-Institutions held 0.11% and 43.53% respectively.
Cords Cable Industries has secured the first order from its newly added prestigious client, EFACEC. The company will supply Control & Instrumentation cables valuing a little more than Rs 7 crore towards a power plant project undertaken by EFACEC in India. Founded in 1907, EFACEC Group is Portugal’s largest electrical & electromechanical group.
The addition of EFACEC in company’s customer profile is yet another milestone reaffirming company’s strong foothold among the top overseas as well as Indian project authorities, EPCs and consultants.
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.
