This small-cap cable manufacturing company stock closed the day in the upper circuit; here’s why

The shares of Dynamic Cables Limited, a prominent player engaged in the manufacturing of power infrastructure cables, have shown a significant upsurge today.

The stock opened the day at Rs 436.75 per share, almost flat compared to the previous day’s closing price of Rs 435.40 per share on the BSE.

During the intraday session, it surged by 5% and was locked into the upper circuit, with sellers ready to sell the shares in the market and only buyers available. Finally, it concluded the day at Rs 457.15 per share on the BSE. So, what led to this significant move in the share price? Well, the company has secured a significant order.

According to the details in the report, Dynamic Cables Limited has bagged an order from Northern Railway for the provision of PVC-insulated Armoured Unscreened Underground Railway Signalling Copper Conductor Cables. The total value of this order is Rs 95.91 crore, inclusive of GST. The delivery of this order is expected to be completed within a timeframe of six months.

This order represents a significant milestone for the company in the field of railway signalling, solidifying its reputation as a reliable and trusted provider of power cables for vital railway infrastructure.

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Company Overview: 

Dynamic Cables Ltd. is a prominent manufacturer of a wide range of power infrastructure cables, encompassing low voltage (LV), high voltage (HV), medium voltage (MV), extra high voltage (EHV), power control, instrumentation cables, and signalling cables. The company serves a diverse clientele, including Government Distribution Companies (Discoms), private distribution firms, private EPC contractors, industrial clients, and international export partners. With three manufacturing facilities located in Jaipur and Reengus, the company conducts its business operations from its corporate headquarters in Jaipur and operates through five regional sales offices spread across India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.