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Cords Cable Industries gains on becoming approved vendor for Gulf Oil major

13 Jun 2018 Evaluate

Cords Cable Industries is currently trading at Rs. 78.65, up by 2.65 points or 3.49% from its previous closing of Rs. 76.00 on the BSE.

The scrip opened at Rs. 78.95 and has touched a high and low of Rs. 80.50 and Rs. 77.40 respectively. So far 4815 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 153.50 on 06-Nov-2017 and a 52 week low of Rs. 67.10 on 06-Jun-2018.

Last one week high and low of the scrip stood at Rs. 80.50 and Rs. 69.60 respectively. The current market cap of the company is Rs. 101.42 crore.

The promoters holding in the company stood at 51.42%, while Institutions and Non-Institutions held 0.59% and 47.99% respectively.

Cords Cable industries is now registered and prequalified with an Arabian Gulf based Oil major. This approval is expected to give boost to its Exports and further enhance company's revenue contribution from the Hydrocarbon sector from throughout the Gulf Cooperation Council (GCC) member states.

This registration will allow Cords Cable Industries to supply different types of Cables such as Instrumentation & Control, Fiber Optics and LV Power distribution.

With this development, Cords Cable Industries shall now be eligible for bidding in the above product categories for all ongoing and upcoming projects of the said Gulf based Oil major.


Cords Cable Inds Share Price

160.00 -2.70 (-1.66%)
13-Apr-2026 12:10 View Price Chart
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