Friday 17 January 2014

Aksh Optifibre spurts on bagging order worth Rs 200 crore

Aksh Optifibre is currently trading at Rs. 14.65, up by 0.15 points or 1.03 % from its previous closing of Rs. 14.50 on the BSE.

The scrip opened at Rs. 14.90 and has touched a high and low of Rs. 15.30 and Rs. 14.50 respectively. So far 9686 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 20.25 on 22-Jan-2013 and a 52 week low of Rs. 13.20 on 23-Dec-2013.

Last one week high and low of the scrip stood at Rs. 15.70 and Rs. 13.45 respectively. The current market cap of the company is Rs. 218.39 crore.

The promoters holding in the company stood at 30.92 % while Institutions and Non-Institutions held 0.73 % and 54.60 % respectively.

Aksh Optifibre has been awarded Rs 200 crore plus order for Package B of ambitious National Optic Fibre Network (NOFN) backbone project. The project is aimed at providing connectivity to over 250,000 gram panchayats across the country for better e-governance, e-health services and educational services.

Aksh Optifibre is engaged in the production of a variety of cables such as - SingleMode & MultiMode Cables, Duct Cables, Armoured & Aerial Cables, Indoor Outdoor Cables. The company has also the facilities of producing ribbon Fibre Optic.

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