{"id":113454,"date":"2023-11-09T13:27:35","date_gmt":"2023-11-09T07:57:35","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113454"},"modified":"2023-11-09T13:27:40","modified_gmt":"2023-11-09T07:57:40","slug":"cable-stock-hits-5-upper-circuit-after-receiving-an-order-from-govt-worth-14-11-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cable-stock-hits-5-upper-circuit-after-receiving-an-order-from-govt-worth-14-11-cr\/","title":{"rendered":"Cable stock hits 5% upper circuit after receiving an order from Govt worth \u20b9 14.11 Cr\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1362625384\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares electrical wire and cable manufacturing company hit the upper circuit on NSE after receiving an order from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL) worth Rs. 14.11 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1548948419\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs. 271 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/VMARCIND\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">V-Marc India Ltd<\/a><\/strong> opened their Thursday trading session flat at Rs. 120. The share hit a 5 percent upper circuit on NSE at Rs. 125 apiece during the day.\u00a0<\/p><p>In an exchange filing, the company informed that it had received an order from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL) to supply LT AB Cable worth Rs. 14.11 crores.&nbsp;<\/p><p>Looking at the financial statement, the revenue increased by 36.61 percent from Rs. 181.02 crores during FY 21-22 to Rs. 247.29 crores in FY22-23. In addition to this net profit zoomed by 109 percent from Rs. 4.99 crores to Rs. 10.45 crores during the same period.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3718135056\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Coming onto the important financial ratios, the return on equity (RoE) improved from 8.97 percent in FY 21-22 to 14.02 percent during FY 22-23. Furthermore, the return on capital employed (RoCE) increased from 12.58 percent to 18.46 percent during the same timeframe.&nbsp;<\/p><p>In one year the share has given a multi-bagger return of 203 percent to its shareholders. For example, if someone had invested Rs. 1 lakhs in these shares, the worth of those shares would be Rs. 3.3 lakhs now.&nbsp;<\/p><p>According to the latest shareholding pattern, Promoters have a 69.96 percent stake in the company and the remaining 30.4 percent shares are with the Public or Retail Investors.&nbsp;<\/p><p>Headquartered in Haridwar, V-Marc India Ltd was incorporated in the year 2014. The company manufactures electrical wires and cables. It offers communication, LT, HT, CCTV, telephone switchboards, coaxial, and copper cables to customers in India.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vaibhav Patil<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2103697309\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares electrical wire and cable manufacturing company hit the upper circuit on NSE after receiving an order from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL) worth Rs. 14.11 crores.&nbsp; With a market capitalization of Rs. 271 crores, the shares of V-Marc India Ltd opened their Thursday trading session flat at Rs. 120. The share hit [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,14186,14187,14185],"class_list":["post-113454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-v-marc-india-latest-news-2","tag-v-marc-india-latest-orders","tag-v-marc-india-share-price-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cable stock hits 5% upper circuit after receiving an order from Govt worth \u20b9 14.11 Cr\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares electrical wire and cable manufacturing company hit the upper circuit on NSE after receiving an order from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL) worth Rs. 14.11 crores.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/cable-stock-hits-5-upper-circuit-after-receiving-an-order-from-govt-worth-14-11-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cable stock hits 5% upper circuit after receiving an order from Govt worth \u20b9 14.11 Cr\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares electrical wire and cable manufacturing company hit the upper circuit on NSE after receiving an order from Pashchimanchal Vidyut Vitran Nigam Limited (PVVNL) worth Rs. 14.11 crores.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/cable-stock-hits-5-upper-circuit-after-receiving-an-order-from-govt-worth-14-11-cr\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-09T07:57:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-09T07:57:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/cable.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/cable-stock-hits-5-upper-circuit-after-receiving-an-order-from-govt-worth-14-11-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/cable-stock-hits-5-upper-circuit-after-receiving-an-order-from-govt-worth-14-11-cr\/\",\"name\":\"Cable stock hits 5% upper circuit after receiving an order from Govt worth \u20b9 14.11 Cr\u00a0 - 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