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GODHA CABCON AND INSULATION LTD. Shares of Godha Cabcon & Insulation Ltd today Thursday rose 6% to Rs. was 0.95. This rise in the stock has come after an announcement. In fact, the company said it has received a large order from major player Overseas Metal & Alloy Pvt Ltd. The value of this order is around 566 million rupees.
What are the order details?
The order consists of 4 Core HT Power Cable (Qty – 1,20,000 Meters) and Aluminum ACSR Weasel Conductor (Qty – 1,20,000 Meters) and will be delivered within 25 days from LOI. On Thursday, shares of Godha Cabcon & Insulation rose 6% to Rs. was 0.95. The stock hit a 52-week high of Rs. 4.34 and a 52-week low of Rs. is 0.80.
About the company
Godha Cabcon & Insulation Ltd. Manufactures aluminum conductors. It is used in overhead power transmission and distributor lines. Its manufacturing unit is located in Indore. According to financial data, GCI has a market cap of Rs. More than 60 crores. The company is also debt free and its current debt is only Rs. 2.5 crore which is 4.17 percent of its market cap.