CMI jumps on getting dealer approval from various organizations

CMI jumps on getting dealer approval from various organizations

by admin- Friday, March 15th, 2019 05:09:03 PM

CMI scrip is currently buying and selling at Rs. 159.00, up by 10.30 points or 6.Ninety three% from its previous last of Rs. 148.70 at the BSE.

The scrip opened at Rs. 155.00 and has touched a high and occasional of Rs. 162.05 and Rs. 152.50 respectively. So some distance 4147 shares have been traded at the counter.

The BSE institution ‘B’ inventory of face value Rs. 10 has touched a fifty two week excessive of Rs. 371.60 on 27-Apr-2018 and a 52 week low of Rs. A hundred and fifteen.50 on eleven-Oct-2018.

Last one week excessive and occasional of the scrip stood at Rs. 161.75 and Rs. 141.45 respectively. The cutting-edge marketplace cap of the business enterprise is Rs. 223.Forty six crore.

The promoters retaining within the organization stood at forty three.Fifty five%, whilst Institutions and Non-Institutions held sixteen.15% and forty.30% respectively.

CMI has been protected as seller with few prestigious agencies inside the third zone ending December 2018. The business enterprise has received vendor popularity of production & supply of XLPE/PVC Power Cable and PVC insulated Control Cable for Power Grid Projects and for manufacturing of Power cables, manipulate cables, telephone cables and Optical fibre cables from Airport Authority of India.

It also were given vendor acclaim for electric Power cables from Mazagaon Dock Shipbuilders and for all sort of cables from Jawahar lal Nehru Port trust. Besides, with the accelerated list of Vendor approval the Manufacturing capacity of Baddi plant goes to enhance appreciably within the year 2019.

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