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Turnaround story in this penny stock under Re 1 & promoters sold 26.47 per cent stake: This manufacturer of conductors and wires company reports a 100 per cent jump in PAT
Turnaround story in this penny stock under Re 1 & promoters sold 26.47 per cent stake: This manufacturer of conductors and wires company reports a 100 per cent jump in PAT

Turnaround story in this penny stock under Re 1 & promoters sold 26.47 per cent stake: This manufacturer of conductors and wires company reports a 100 per cent jump in PAT

The stock is up by 55.5 per cent from its 52-week low of Rs 0.45 per share.

Kiran Shroff Article rating: 4.4

The promoters of the company sold a 26.47 per cent stake in the company and decreased their stake to 7.97 per cent in March 2024 compared to 34.44 per cent in March 2023.

Penny stock under Rs 1: This micro-cap cable & conductor company receives order worth Rs 566 million from Overseas Metal & Alloys Pvt Ltd!
Penny stock under Rs 1: This micro-cap cable & conductor company receives order worth Rs 566 million from Overseas Metal & Alloys Pvt Ltd!

Penny stock under Rs 1: This micro-cap cable & conductor company receives order worth Rs 566 million from Overseas Metal & Alloys Pvt Ltd!

The company is expected to report strong financial results for Q2FY24, as revenue is expected to increase significantly due to the recent order.

Kiran Shroff Article rating: 3.8

Godha Cabcon & Insulation Ltd manufactures aluminium conductors, which have applications in overhead electricity transmission and distribution lines. Its manufacturing unit is located in Indore.

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