{"id":127845,"date":"2024-07-04T15:30:57","date_gmt":"2024-07-04T10:00:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=127845"},"modified":"2024-07-04T15:40:43","modified_gmt":"2024-07-04T10:10:43","slug":"cable-stock-jumps-9-after-company-received-order-worth-5-55-cr-from-sham-electropower","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cable-stock-jumps-9-after-company-received-order-worth-5-55-cr-from-sham-electropower\/","title":{"rendered":"Cable stock jumps 9% after company received order worth \u20b9 5.55 Cr\u00a0from Sham Electropower"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1003903445\"><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>Penny stock engaged in the business of manufacturing and selling wires, cable wires, conductors and many more jumped 9 percent in the day\u2019s trade upon receiving a new work order worth Rs. 5.55 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-125812052\"><!-- 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><h3 class=\"wp-block-heading\"><strong>Price Action&nbsp;<\/strong><\/h3><p>With a market capitalization of Rs. 107 Crores, the shares of Marco Cables &amp; Conductors Limited were trading at Rs. 57.35 per equity share, from its previous day\u2019s close price of Rs. 56.15&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>What Happened&nbsp;<\/strong><\/h3><p>Marco Cables &amp; Conductors Limited has received two purchase orders from Sham Electropower Private Limited for a total consideration of Rs. 5.55 Crores for the supply of LT AB Cable 3 x 70 + 16 + 50 sq mm and the work order should be executed within 3 months.&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>About the company&nbsp;<\/strong><\/h3><p>Marco Cables &amp; Conductors Limited is engaged in the business of manufacturing and selling wires, cable wires, conductors, and many more used for applications like distribution and transmission of power.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3019912490\"><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>Marco Cables &amp; Conductors Limited\u2019s product portfolio includes XLPE\/PVC cables, Aerial Bunched Cables, Aluminum Alloy Conductors, Aluminum Conductor Steel Reinforced Conductors, and many others.&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>Financials and Ratios&nbsp;<\/strong><\/h3><p>Its revenue from operations grew by 27.31 percent from Rs. 56.28 Crores in FY23 to Rs. 71.65 Crores in FY24, accompanied by profits of Rs. 2.81 Crores to Rs. 3.04 Crores.&nbsp;<\/p><p>In terms of Return ratios, it has reported a return on equity (ROE) of 19.5 percent, and a return on capital employed (ROCE) of 19.3 percent. It has reported a debt-to-equity ratio of 1.48.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-1155036630\"><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>Penny stock engaged in the business of manufacturing and selling wires, cable wires, conductors and many more jumped 9 percent in the day\u2019s trade upon receiving a new work order worth Rs. 5.55 Crores.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 107 Crores, the shares of Marco Cables &amp; Conductors Limited were trading at [&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":[4865,31,13525],"tags":[18448,18449,18450,17145,17144,948,936,2597],"class_list":["post-127845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates","tag-marco-cables-conductors","tag-marco-cables-conductors-news","tag-marco-cables-conductors-share-price","tag-marco-cables-latest-news","tag-marco-cables-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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