Cables & conductors penny stock at Rs 50 bags 2 purchase orders worth Rs 14,72,52,000 from a reputed client of cable industry
The stock is up by 38.4 per cent from its 52-week low is Rs 33.10 per share.
Marco Cables & Conductors Ltd has received two new domestic purchase orders from a reputed client in the Cable Industry, with a combined value of Rs 14,72,52,000 (Rupees Fourteen Crore Seventy-Two Lakhs Fifty-Two Thousand), inclusive of all taxes. These orders are for the supply of assorted sizes of Conductors, with the first order valued at Rs. 3,94,00,000/- and the second at Rs. 10,78,52,000/-. Both projects are scheduled to be executed within a period of four months.
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 over Rs 80 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 38.4 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.