Diamond Cables Launches Consumer Products Division

Diamond Cables Ltd has announced the launch of its Consumer Product Division. The Division has launched an entire range of Fire Resistant Home Wires, Industrial Wires, and Communication Cables Such as CAT 5-6, Co-axial Cables, 2-4 Pair Cables, and Security Cables & Instrumentation Cables.

The Company has entered into long term Exclusive manufacturing arrangement with Three Leading manufacturers of Cables having manufacturing facilities at Sirmour, Himachal Pradesh, and Ringus in Rajasthan and Vadodara in Gujarat respectively. The Products Shall be marketed under the Companies brand "DICABS®" through Dealer Stores.

The Company proposes to increase its Dealership and Stockist Strength to @ 600 in one year.

The stock was trading at Rs.150.50, down by Rs.0.60 or 0.40%. The stock hit an intraday high of Rs.153.90 and low of Rs.148.60. The total traded quantity was 8940 compared to 2 week average of 22132.

Source : Equity Bulls

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