Budget 2024: Rajesh Jain Chief Financial officer of R R Kabel Limited in talks with Mint said that Government continued focus on Infrastructure development and housing for all in the budget will drive growth for cable and wire industry. The demand for cable and wires remains remains strong and apart from infrastructure and housing for all, the focus on renewable …
The wires & cables industry is thriving on the government’s thrust on infrastructure and rural electrification, along with growth in commercial and residential sectors, 5G rollout, and digitization. The stock of RR Kabel Ltd, a major player in the segment which listed on 20 September, is up more than 50% from its issue price of ₹1,035 apiece. Ebitda margin rose …
Shares of RR Kabel hit their record high in intra-day deals on Tuesday after the company's net profit more than doubled in the September quarter of FY24. The RR Kabel stock was listed on the exchanges on September 20 at ₹1,180, a 14 percent premium over the issue price of ₹1,035. The firm's consolidated net profit surged 112 percent to …
