Calcom Vision zooms on tying up with Polycab India
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Calcom Vision is currently trading at Rs. 153.90, up by 12.45 points or 8.80% from its previous closing of Rs. 141.45 on the BSE.
The scrip opened at Rs. 145.10 and has touched a high and low of Rs. 165.00 and Rs. 145.10 respectively. So far 51103 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 205.00 on 12-Oct-2023 and a 52 week low of Rs. 118.00 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 165.00 and Rs. 127.05 respectively. The current market cap of the company is Rs. 207.10 crore.
The promoters holding in the company stood at 64.00%, while Institutions and Non-Institutions held 10.74% and 25.25% respectively.
Calcom Vision has tied up with Polycab India as one of its privileged customer to supply all types of LED products. Polycab is one of the largest manufacturers of wires and cables in India and a prominent player in the Fast Moving Electrical Goods (FMEG) having around 24% of market share.
It is one of the world’s most valuable brands having Global presence. It has also received the first order from them for certain lighting products. Its tie-up with Polycab will result in mutual growth for both the companies. The Initial order is little over Rs 25 lakh and further the supplies are expected to grow to over Rs 22 crore to 24 crore per annum.
Calcom Vision is engaged in the manufacturing & export of PCB, resistors, connectors; SMPS power supply, cord, CTV chassis, mobile charger, inverter, and emergency light.
