Diamond Cables New order

Diamond Cables dropped 2.30% to Rs 322.20 at 13:54 IST on BSE despite securing an engineering, procurement and construction order for Implementation of Rajiv Gandhi Gramin Vidyutikaran Yojna in Mehsana and Patan districts of Gujarat.

The stock hit a high of Rs 336 and a low of Rs 321.15 so far during the day. The stock had a 52-week high of Rs 599.20 on 1 January 2008 and a 52-week low of Rs 125 on 5 April 2007.

The company’s current equity is Rs 16.77 crore. Face value per share is Rs 10.

The current price of Rs 322.20 discounts its Q3 December 2007 annualized EPS of Rs 31.49, by a PE multiple of 10.23.

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.

On 31 March 2008, Diamond Cables secured an engineering, procurement and construction order for Implementation of Rajiv Gandhi Gramin Vidyutikaran Yojna in Ahemdabad and Sabarkantha in the districts of Gujarat.

On 19 March 2008, Diamond Cables received an engineering, procurement and construction (EPC) order for implementation of Rajiv Gandhi Gramin Vidyutikaran Yojna for Bhavnagar district of Gujarat.

Diamond Cables manufactures wire products such as cables, conductors and wire rods.