Sunrise Efficient Marketing moves up on securing authorized dealership of Polycab Cable
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Sunrise Efficient Marketing is currently trading at Rs. 113.00, up by 0.85 points or 0.76% from its previous closing of Rs. 112.15 on the BSE.
The scrip opened at Rs. 112.75 and has touched a high and low of Rs. 115.00 and Rs. 112.20 respectively. So far 24000 shares were traded on the counter.
The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 155.00 on 19-Jun-2023 and a 52 week low of Rs. 100.13 on 06-Feb-2023.
Last one week high and low of the scrip stood at Rs. 123.50 and Rs. 110.00 respectively. The current market cap of the company is Rs. 113.00 crore.
The promoters holding in the company stood at 72.40%, while Non-Institutions held 27.60% stake in the company.
Sunrise Efficient Marketing (SEML) has secured the authorized dealership of Polycab Cable, a prestigious name in the cable and wire industry, for the burgeoning market of South Gujarat, with a specific focus on Surat and its neighboring areas. This strategic collaboration designates us as the exclusive distributor for Polycab products, empowering us to meet the growing demand for high-quality cables and wires in the region.
Polycab Cable, with a market capitalization of 4000 millions, is widely recognized for its commitment to delivering reliable and innovative solutions across various applications. Renowned for manufacturing products that adhere to stringent quality standards and industry norms, Polycab Cable is a trusted name in the electrical sector.
The company’s dealership encompasses South Gujarat, a region that includes the vibrant city of Surat and its surroundings. This market is poised for significant growth, driven by diverse industries, ongoing infrastructure projects, and an increasing demand for top-notch electrical products. As the authorized dealer, it is well equipped to provide customers in this region with access to Polycab's extensive portfolio of cables and wires, offering solutions for residential, commercial, and industrial applications.
Sunrise Efficient Marketing engaged in the business of trading, distributing, and wholesaling different types of industrial products such as electrical items, electronic items, spare parts, etc
