Cables & conductors penny stock at Rs 50 receives purchase order of Rs 7,83,24,000 from Reputed client of cable Industry
DSIJ Intelligence-1Categories: Penny Stocks, Trending
The stock is up by 24 per cent from its 52-week low is Rs 33.10 per share.
Marco Cables & Conductors Ltd has received a domestic purchase order valued at Rs 7,83,24,000 from a reputed client in the cable industry. The order is for the supply of aluminium power cable and is to be executed within 6 months. The total value of the order is inclusive of all taxes.
About the Company
Marco Cables & Conductors Ltd, established in 1989, is an Indian manufacturer of wires, cables, and conductors. Their product range caters to power distribution needs, with options like LT Aerial Bunched Cables (ideal for challenging terrains), AAAC Conductors (offering high conductivity and strength), LT XLPE Cables (featuring copper or aluminium conductors with XLPE insulation), ACSR Conductors (known for their tensile strength, suitable for long spans), and LT PVC Cables (available in various core configurations and sizes). They operate a manufacturing unit in Nasik, Maharashtra, with a capacity of 18,000 kilometres of cables produced annually. The company has a market capitalisation of Rs 75 crore.
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The stock’s 52-week high is Rs 83.95 and its 52-week low is Rs 33.10. The stock is up by 24 per cent from its 52-week low is Rs 33.10 per share.
Disclaimer: The article is for informational purposes only and not investment advice.