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Cords Cable Industries zooms on bagging orders worth Rs 16.63 crore from Uttar Pradesh

21 Jun 2019

Cords Cable Industries is currently trading at Rs. 58.30, up by 2.55 points or 4.57% from its previous closing of Rs. 55.75 on the BSE.

The scrip opened at Rs. 59.45 and has touched a high and low of Rs. 59.45 and Rs. 56.00 respectively. So far 230 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 88.40 on 02-Aug-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. 60.45 and Rs. 53.20 respectively. The current market cap of the company is Rs. 75.37 crore.

The promoters holding in the company stood at 51.47%, while Institutions and Non-Institutions held 0.70% and 47.83% respectively.

Cords Cable Industries has been awarded prestigious orders for supply of Control, Power and Earthing Cables to be used in a Thermal Power Project in the state of Uttar Pradesh. The total estimated, value of the said orders is Rs 16.63 crore. The commercial production for the said order is expected to commence from August and is to be executed within the current financial year as per the schedule.

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