Mulibagger stock engaged in the business of manufacturing and supplying PVC-insulated wires & cables jumped 3 percent in the day’s trade upon receiving 2 work orders worth Rs. 7.67 Crores from Uttarakhand Power Corporation Limited and Jodhpur Vidyut Vitran Nigam Limited.
With a market capitalization of Rs. 188 Crores, the shares of V Marc India Limited were trading at Rs. 82.50, up 2.17 percent from its previous day’s close price of Rs. 80.75. It has delivered multibagger returns of 102 percent in a year.
V Marc India Limited has received two orders worth Rs. 7.67 Crores. The first order was received from Uttarakhand Power Corporation Limited worth Rs. 4.49 Crores for the supply of LT XLPE AB Cable Size 3X25+1×25 Sq. mm.
The second order was received from Jodhpur Vidyut Vitran Nigam Limited worth Rs. 3.18 Crores for the supply of 33 KV XLPE insulated armoured cable of size 3CX 300 sq. mm ht Cable.
V-Marc India Limited is engaged in the business of manufacturing and supplying PVC-insulated wires & cables under the brand name V-Marc.
The company’s dealer network is present in 19 states across India with 600+ dealers/ distributors. Also, the company is an authorized dealer for various distribution companies and it has set up 5 marketing depots.
Its revenue from operations grew by 37.12 percent from Rs. 179 Crores in FY22 to Rs. 245 Crores in FY23, accompanied by profits of Rs. 5 Crores to Rs. 10 Crores.
Written by: Bharath K.S
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