Prime Cable Share Price Rise 3.08% After Company Secures ₹9.14 Crore Order

Mumbai, November 21: Prime Cable’s share price is witnessing a heavy investor demand today after it announced that it has secured a new order worth ₹9.14 crore. As of 2:16 PM, Prime Cable shares were up by 3.08%, or 3.50 points and were trading at ₹117.25. Until now, the shares have traded within a range of ₹120 and ₹108.95. The traded volume for the Prime Cable stock stood at 1.63 lakh shares, with the company’s market cap at ₹208 crore. The shares have their 52-week high at ₹123.65 and their 52-week low at ₹70.70.

Prime Cable Industries Limited (NSE: PRIMECAB) is an Indian manufacturing company that specialises in producing a wide range of low-voltage (up to 1.1 kV) wires and cables under the brand names “PRIMECAB” and “RENUFO”. The company was established in 1997, and is headquartered in New Delhi.

Shares Rise After Company Announces New Order Worth ₹9.14 Crore

The rise in the share price comes after the company announced that it has secured a new order from a reputed EPC company. The order size is ₹9.14 crore, including GST. The order is for the design, manufacturing, testing, inspection, and supply of LT Aerial Bunched Cable. The order quantity is 2,50,000 meters and the execution timeline is set at 2 months. The order is not a related party transaction and does not include any promoter interest.

Investor Takeaway

It is common for the stock price to rise after a company announces a new project. It happens because investors become more confident of the company posting higher revenue and profits. The announcement by Prime Cables of a new ₹9.14 crore order will add to the company’s portfolio and is likely to positively contribute to the company’s revenue and profit. The company can leverage this order received from a reputed EPC company to secure new orders in the future. The announcement has boosted investor demand, leading to a share price rise.

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

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