Cords Cable rises on becoming vendor with RDA

06 Dec 2018

Cords Cable Industries is currently trading at Rs. 60.00, up by 0.30 points or 0.50% from its previous closing of Rs. 59.70 on the BSE.

The scrip opened at Rs. 60.00 and has touched a high and low of Rs. 60.15 and Rs. 60.00 respectively. So far 800 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. 63.45 and Rs. 58.10 respectively. The current market cap of the company is Rs. 77.76 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 is approved as a vendor with Raipur Development Authority (RDA), Chhattisgarh for supplying 1.1 KV grade of instrumentation cables, control cables and power cables. This approval is valid for a period of 3 years and it shall enable the company to offer its approved list of cables towards the ongoing and upcoming projects of RDA.

In addition to this, the company shall be supplying its approved cables towards RDA’s Sewage Treatment Plant in Raipur state of Chhattisgarh. The company has also got approvals from The Airports Authority of India (AAI), Samsung Engineering & Abu Dhabi National Oil Company (ADNOC).

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

Related Cords Cable Industries Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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