Cord Cable and IFCI Surges 13% and 6% Respectively on Tuesday Morning

Cord Cable Industries shares hiked 13% on Tuesday morning after this company is approved by Airports Authority of India as a pre-qualified cable supplier. This eminent approval will now enable the company to offer its cables towards creating, maintaining, managing and upgrading aviation infrastructure.

However, this prestigious approval is valid for only year duration now (on trial basis). The contract will be extendable for the next three years if certain requirements are fulfilled properly and performance will good.

At 04:00 PM, November 27, 2018, the share price was quoting INR 61.30 up INR 1.70 or 2.85% on the NSE.

On the other side, IFCI Ltd. shares surged 6.5% intraday Tuesday after the company acquired INR 492 Cr. under the resolutions plan for the Binani Cement. The share reached its 52-week high INR 34.55 on Jan 15, 2018, & 52-week low INR 11.50 on Oct 08, 2018.

At 03:59 PM, November 27, 2018, the share price was quoting INR 14.05 up INR 0.40 or 2.93% on the NSE.

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