This small-cap stock was listed on the 20th of September 2023 on both BSE and NSE. The shares were listed at a 14% premium, priced at Rs. 1,180 per share higher than the issue price of Rs. 1,035. On Thursday the company’s shares rose up to 3% after FII bought 20 lakh shares through a bulk deal.
RR Kabel Limited
The company has a market capitalization of Rs. 13,414 Cr, making it a small-cap company. On Thursday the company shares rose upto 3%, at 12:35 p.m., shares were trading 2.06% down at Rs. 1,173.35 on NSE.
According to the NSE bulk deal data, Norges Bank on Account of The Government Pension Fund Global bought 20 lakh shares which is 1.77% of the equity at Rs. 1,180 per share and the entire stake was sold by small players and retailers.
As pe the annual report, total revenue grew by 27% from Rs. 4,432.2 Cr in FY22 to Rs. 5,633.6 Cr in FY23 and the company’s net profit declined by 11% from Rs. 213.9 Cr in FY22 to Rs. 189.8 Cr in FY23.
Promoters hold 60.59%, DIIs hold 11.21%, Public hold 19.88% and FIIs hold 8.32% stake in the company as of March 2023.
R R Kabel Limited manufactures electrical components. The business sells application-based cables for control, power, instrumentation, silicon, auto, fire, and security. The company serves customers worldwide.
Written by Sheshadri N
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