Diamond Cables dropped 2.17% to Rs 328.90 at 13:59 IST on BSE even as the company said it has received an engineering procurement and construction order for implementation of Rajiv Gandhi Gramin Vidyutikaran Yojna in Gujarat.
The stock hit a high of Rs 340 and a low of Rs 326 so far during the day. The stock had a 52-week high of Rs 599.20 on
The company’s current equity is Rs 16.77 crore. Face value per share is Rs 10.
The current price of Rs 328.90 discounts its Q3 December 2007 annualized EPS of Rs 31.49, by a PE multiple of 10.44.
Diamond Cables’ net profit rose 75% to Rs 13.32 crore on 95.8% growth in net sales to Rs 126.96 crore in Q3 December 2007 over Q3 December 2006.
The project is to be executed within a period of 22 months.
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Diamond Cables manufactures wire products such as cables, conductors and wire rods.
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