Cords Cable rises on turning into supplier with RDA

Cords Cable rises on turning into supplier with RDA

by admin- Thursday, December 6th, 2018 04:01:45 PM

Cords Cable Industries is presently trading at Rs. 60.00, up with the aid of zero.30 points or zero.50% from its preceding ultimate 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 some distance 800 stocks had been traded on the counter.

The BSE institution ‘B’ inventory of face price Rs. 10 has touched a fifty two week high of Rs. One hundred forty four.85 on 17-Jan-2018 and a fifty two week low of Rs. 52.30 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 63.Forty five and Rs. Fifty eight.10 respectively. The present day market cap of the organisation is Rs. 77.76 crore.

The promoters protecting in the corporation stood at 51.42%, while Institutions and Non-Institutions held zero.Seventy two% and 47.86% respectively.

Cords Cable Industries is authorised as a seller with Raipur Development Authority (RDA), Chhattisgarh for imparting 1.1 KV grade of instrumentation cables, manage cables and energy cables. This approval is valid for a duration of three years and it shall permit the corporation to offer its approved listing of cables towards the continued and upcoming tasks of RDA.

In addition to this, the employer will be offering its permitted cables closer to RDA’s Sewage Treatment Plant in Raipur state of Chhattisgarh. The organization has additionally were given approvals from The Airports Authority of India (AAI), Samsung Engineering & Abu Dhabi National Oil Company (ADNOC).

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