Ultracab shines on inking outline agreement with Tata Power Company
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Ultracab (India) is currently trading at Rs. 22.30, up by 1.00 points or 4.69% from its previous closing of Rs. 21.30 on the BSE.
The scrip opened at Rs. 21.47 and has touched a high and low of Rs. 22.90 and Rs. 21.35 respectively. So far 2295010 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 33.60 on 09-Jan-2023 and a 52 week low of Rs. 11.49 on 19-Jul-2023.
Last one week high and low of the scrip stood at Rs. 22.90 and Rs. 19.00 respectively. The current market cap of the company is Rs. 212.79 crore.
The promoters holding in the company stood at 59.69%, while Non-Institutions held 40.31% stake in the company.
Ultracab (India) has signed an outline agreement for supply of LT Cables to Tata Power Company of worth Rs 8.66 crore. The contract shall be come into force from December 1, 2023 and will be valid up to November 30, 2024. Tata Power Company (The TATA Group of Company) is an Indian electric utility and electricity generation company based in Mumbai, India.
Ultracab (India) is exporting, manufacturing and supplying of cables, cable accessories, cable conductors, round flexible cable, round cable, 3core round flexible cable etc.
