CMI shines on getting production clearance for overseas project from BHEL

21 Dec 2018

CMI is currently trading at Rs 141.35, up by 11.25 points or 8.65% from its previous closing of Rs 130.10 on the BSE.

The scrip opened at Rs 133.90 and has touched a high and low of Rs 146.00 and Rs 130.00 respectively. So far 25628 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs 371.60 on 27-Apr-2018 and a 52 week low of Rs 115.50 on 11-Oct-2018.

Last one week high and low of the scrip stood at Rs 132.40 and Rs 122.30 respectively. The current market cap of the company is Rs 209.18 crore.

The promoters holding in the company stood at 43.55%, while Institutions and Non-Institutions held 16.15% and 40.30% respectively.

CMI has got production clearance for BHEL export order for their Overseas Project to supply of LT XLPE and HT XPLE cables to a tune of Rs 79 crore, to be executed in next 4 months time from its plant located at Baddi- Himachal Pradesh.

This is for the first time CMI has bagged such a big order from BHEL for their overseas project. The company is already on the growth trajectory and sure of making a strong presence in the SAARC region.

CMI is a supplier of cable accessories, cables, conductor cables, electric cable accessories, equipment, and machinery.

CMI Share Price

62.45 -3.25 (-4.95%) Feb 26, 18:55
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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