Prime Cable Industries Extends Upward Momentum in Early Trade, But Falls Over 7% At Closing

Mumbai, November 24, 2025: Prime Cable Industries Ltd (NSE: PRIMECAB) extended its upward momentum this Monday, with the stock trading 2.41 percent higher at ₹114.95 as of 09:16 AM IST. The continued rally comes on the back of sustained buying interest following the company’s recently disclosed ₹9.145 crore material order.

However, the gains in the share price of PrimeCable Industries Ltd did not hold, and the stock closed down 7.26% at ₹104.10. The shares opened at ₹114.95 and traded in a range between ₹115 and ₹105.10 during the session. The company’s market capitalization stands at ₹205.70 crore.

Prime Cable Industries Ltd, which was listed on NSE Emerge on 29 September 2025, manufactures a range of LT and HT power cables that are used to distribute electrical energy. The company is engaged in the Cables and electricals segment of the market and provides industrial and utility-grade cable solutions.

Stock Increase Factors

The surge in stock price was mainly driven by Prime Cable Industries’ announcement of a cable supply order worth ₹91.45 lakh, which involves 250,000 meters of 1.1KV LT Aerial Bunched Cable for utility distribution in Karnataka. The scope of this contract includes design, manufacturing, testing, inspection, and supply, and is scheduled to be completed in two months. This order provides near-term visibility of revenues and is a positive factor for sentiment behind the small-cap cable manufacturer.

Second Consecutive Day of Stock Gains

Prime Cable Industries opened strong at ₹114.95, hitting the day’s high early on, and maintained much of its gains through the morning session. The stock has been in focus following the company’s announcement of a major supply contract last week, boosting sentiment around its future revenue prospects.

Although trading remains relatively thin on the SME platform, demand continues to outweigh supply. This morning, the bid stack indicated interest between ₹111 and ₹109, while sellers were primarily positioned at ₹115–₹116, pointing to a firm undertone in the stock.

Technical Positioning

The stock is almost at ₹123.6,5, which is close to its 52-week high in terms of momentum and continued buying. The price has moved significantly off its low of ₹70.70 to dominate the trend. The price band of 20% and tick size of ₹0.05 demonstrate managed volatility and a regulated trading range.

REF: https://nsearchives.nseindia.com/corporate/PRIME2025_20112025120408_Intimation_po_order.pdf

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