Dynamic Cables stock rallies 5% on NSE debut

Shares of rose 5% in Wednesday’s early trade following its listing on the National Stock Exchange (NSE).

The cable manufacturer opened at Rs 143.60 and touched the day’s high of Rs 146.80 on NSE.

On Monday, July 25, 2022, the company received approval from the National Stock Exchange for the listing of its equity shares on the platform. The equity shares of the company got admitted to dealings on the National Stock Exchange today under the symbol “DYCL”.

The 2,20,14,000 equity shares listed on NSE have a face value of Rs 10 each. These shares will not have any lock-in period.

The wire and cables firm had listed on BSE SME Exchange through its IPO in December 2017 and migrated to the main board on October 1, 2020.

Dynamic Cables manufactures power infra cables that include LT, HT, EHVC, power control and instrumentation cables, flexible & industrial cables, solar cables, and railway signalling cables.

The Jaipur-based wires and cable manufacturer is a smallcap company with a market cap of Rs 312.6 crore.

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