Shares of Godha Cabcon & Insulation Ltd, a company engaged in the business of industrial products, gave a surprising return on Saturday. During the trading, the 60 paisa share gained 8.33% and the price touched 65 paisa. Let us tell you that there was normal business in the stock market on Saturday. This normal trading took place on January 22, i.e. Monday, as the stock market was closed due to the pran pristha of the Ram temple in Ayodhya.
Board meeting is on 27th
Godha Cabcon & Insulation Limited has informed the stock exchange that the company is going to hold a board meeting on January 27, 2024. According to information received last Saturday, apart from the December quarter results of the company, other issues will be decided in this board meeting.
Share 52 Week Hi
Share its Rs. Trading below 52 week high of 1.84. The stock touched this level on January 19, 2023. The stock fell to a 52-week low of 0.45 paise in November 2023. Currently the market capitalization of the company is Rs. 4,330.56 crores.
Necessary information about the company
In the year 1987, Dilip Godha established an ACSR conductor manufacturing unit named Dewas Conductor at Dewas, Madhya Pradesh and ran it till 2002. However, due to health problems, production at his unit stopped. This unit was restarted in the year 2006 at Indore.
The unit was promoted by a partnership firm named M/s Godha Cabcon & Insulation. The business of the company is continuously expanding. Its production capacity has been more than doubled. The company has also set up a plant for XLP coated wire. The company is currently manufacturing ACSR conductor wire, stay wire, DPC wire and XLP coated wire/conductor.
Note: The information provided here is for informational purposes only, it is important to mention that investing in the market is subject to market risks. So always consult an expert before investing. Tv9 Gujarati never gives investment advice to anyone.
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