Dynamic Cables rises on starting commercial production of additional capacity in Rajasthan
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Dynamic Cables is currently trading at Rs. 480.00, up by 2.60 points or 0.54% from its previous closing of Rs. 477.40 on the BSE.
The scrip opened at Rs. 477.50 and has touched a high and low of Rs. 490.00 and Rs. 477.50 respectively. So far 2293 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 615.65 on 07-Aug-2023 and a 52 week low of Rs. 155.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 499.50 and Rs. 436.00 respectively. The current market cap of the company is Rs. 1063.28 crore.
The promoters holding in the company stood at 74.44%, while Institutions and Non-Institutions held 0.35% and 25.21% respectively.
Dynamic Cables has commenced the commercial production of its additional capacity under the expansion plan at plant situated at SKS Industrial Area, Reengus, Tehsil Shree Madhopur, Rajasthan with effect from October 16, 2023 which will increase the annual capacity by up to 5,000 KMS of cables and speciality conductors. The additional capacity is expected to cater to the rising demand for the Company's products.
Dynamic Cables is engaged in manufacturing of Cables and Conductors. Its manufacturing facilities are distributed in three units located in Jaipur in Rajasthan.
