Penny Stock Below Rs 2 Hit 5% Upper Circuit After Order Deal of Rs 566 Mn

Godha Cabcon & Insulation Limited is a micro-cap company dealing in the electronics sector. One of the leading producers of AAAC Conductor and ACSR Conductor wire is Godha Cabcon And Insulation Ltd. The scrip opened today on the NSE at upper circuit limit of Rs 1.10 apiece up by 5% over the previous close of Rs 1.05. The strong rally in this penny stock was witnessed as the company secured a huge order from Overseas Metal & Alloys Pvt. Ltd valued at Rs 566 Million.

The products listed below are part of the order that was received from Overseas Metal & Alloys Pvt. Ltd: 120,000 meters each of 4 Core HT Power Cables and Aluminium ACSR Weasel Conductor. The estimated delivery period is within zi days from the date of order placement.

"This order underscores our commitment to meeting the diverse and evolving needs of our clients, and we are dedicated to ensuring its successful fulfilment," said Godha Cabcon & Insulation in a stock exchange filing.
"This collaboration with Overseas Metal & Alloys Pvt. Ltd reaffirms our dedication to delivering top-quality products and services. It also highlights our commitment to expanding our presence in the market and forging lasting partnerships with our valued clients," the company stated.

"As we continue to serve the infrastructure and electrical sectors, we remain open to exploring new opportunities and expanding our product offerings to better meet the evolving needs of our customers," said Godha Cabcon & Insulation in a stock exchange filing.