Cords Cable jumps on getting pre-qualified supplier approval from AAI

27 Nov 2018

Cords Cable Industries is currently trading at Rs. 66.00, up by 6.40 points or 10.74% from its previous closing of Rs. 59.60 on the BSE.

The scrip opened at Rs. 62.50 and has touched a high and low of Rs. 67.50 and Rs. 62.50 respectively. So far 6662 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 144.85 on 17-Jan-2018 and a 52 week low of Rs. 52.30 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 67.50 and Rs. 59.05 respectively. The current market cap of the company is Rs. 84.81 crore.

The promoters holding in the company stood at 51.42%, while Institutions and Non-Institutions held 0.72% and 47.86% respectively.

Cords Cable Industries has been now approved as a pre-qualified supplier with Airports Authority of India (AAI). This prestigious approval shall now enable Cords Cable industries to offer its approved list of cables towards creating, upgrading, maintaining and managing aviation infrastructure in the country for the projects where AAI is entrusted with Airport Modernisation and Development.

This approval is currently valid for a period of One Year (on trial basis) and it shall be extendable for a further period of Three Years, basis fulfilling certain performance criteria.

Cords Cable Industries is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323