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12-Jul2017

Aksh Optifibre surges on bagging order for eminent Jaipur Smart City Project

Aksh Optifibre is currently trading at Rs. 22.95, up by 1.30 points or 6.00% from its previous closing of Rs. 21.65 on the BSE.

The scrip opened at Rs. 21.60 and has touched a high and low of Rs. 23.75 and Rs. 21.55 respectively. So far 12,04,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 30.80 on 01-Nov-2016 and a 52 week low of Rs. 14.15 on 30-Aug-2016.

Last one week high and low of the scrip stood at Rs. 23.75 and Rs. 20.50 respectively. The current market cap of the company is Rs. 373.32 crore.

The promoters holding in the company stood at 27.64%, while Institutions and Non-Institutions held 1.36% and 71.00% respectively.

Aksh Optifibre, the leading Indian manufacturer of Optical Fibre, Optical Fibre Cables, Fibre Reinforced Composites and a major e-Governance & Turnkey service provider has been awarded the eminent Jaipur Smart City Project.

Jaipur Smart City is a project led and implemented by Jaipur Smart City (JSCL) who had invited a bid for development of smart road in ABD areas of Jaipur. The company had participated in the said bid and has been awarded with the Letter of Acceptance (LOA) from JSCL.

Aksh Optifibre is one of the leading providers of transmission solutions for the telecom industries globally. The various products & services are embedded in its diversified portfolio.



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