This micro-cap stock bags order of Rs 8.66 crore from Tata Power; Stock trading at Rs 21, do not miss this action!
The company has consistently delivered exceptional ROE growth, averaging a staggering 50.8 per cent CAGR over the past five years.
Ultracab (India) Limited, a leading manufacturer and exporter of electric wires and cables, is pleased to announce that it has signed an outline agreement with Tata Power Company Limited for the supply of Low Tension (LT) Cables worth Rs 8.66 crore.
Under the terms of the agreement, Ultracab will supply Tata Power Company Limited with LT Cables for its Mumbai Distribution region. The contract is expected to be executed between December 1, 2023 and November 30, 2024.
This agreement is a significant milestone for Ultracab, as it strengthens the company’s relationship with one of India’s leading power companies.
Ultracab, a shining star in the electrical wires and cables industry, has consistently delivered exceptional ROE growth, averaging a staggering 50.8 per cent CAGR over the past five years. With a promoter holding of 60 per cent, Ultracab stands as a beacon of stability and investor confidence. Its shares are currently trading at Rs 21.1, offering an enticing opportunity for discerning investors seeking a company poised for continued success.
The one-month return of 31.98 per cent suggests a robust and potentially aggressive market response. However, the three-month performance of 18.91 per cent indicates a slight deceleration. Looking at the one-year horizon, the negative 20.56 per cent returns suggests a challenging period for Ultracab. On a more optimistic note, the three-year and five-year returns of 63.38 per cent and 203.88 per cent, respectively.
About Company
Ultracab (India) Limited is a leading manufacturer and exporter of electric wires and cables in India. The company has a wide range of products, including LT Cables, HT Cables, Instrumentation Cables, Elevator Cables, High-Temperature Automotive Cables, and UL Approved Cables. Ultracab has a strong track record of supplying its products to major customers in the power, infrastructure, and construction industries.
Disclaimer: The article is for informational purposes only and not investment advice.
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