Dynamic Cables touches roof on receiving LoA worth of Rs 95.91 crore from Northern Railway
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Dynamic Cables is currently trading at its upper limit of Rs. 457.15, up by 21.75 points or 5.00% from its previous closing of Rs. 435.40 on the BSE.
The scrip opened at Rs. 436.75 and has touched a high and low of Rs. 457.15 and Rs. 436.00 respectively. So far 10294 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. 457.15 and Rs. 412.30 respectively. The current market cap of the company is Rs. 1006.37 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 (DCL) has received Letter of Acceptance (LoA) from Northern Railway for supply of PVC Insulated Armored Unscreened Underground, Railway Signaling Copper Conductor Cables worth Rs. 95.91 Crores (including GST).
The delivery of the said order is scheduled to be within six months. This order marks a significant stepping stone for Dynamic Cables in its railway signaling business segment, reaffirming the company’s position as a trusted partner in providing power cables for critical railway infrastructure. This order underscores the company’s commitment to deliver high-quality solutions, maintaining long-term partnerships, and contributing to the advancement of the nation's transportation sector.
Dynamic Cables is engaged in manufacturing of Cables and Conductors. Its manufacturing facilities are distributed in three units located in Jaipur in Rajasthan.
