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Cords Cable Industries Stock Analysis

Cords Cable Industries Limited Detail

Cords Cable Industries Limited is in portfolio of Mukul Agarwal. He is one of the top investors in India. The company belongs to Electrical Equipment sector.

As per the Company website it is in the business of providing cost-effective and quality solutions for various electrical connectivity requirements. It is mainly in manufacturing business of all types of LT range cables and household wires. Below are list of products offered by the Company

Company have some marquee names listed in its client list but that is representative list which itself says that data may not be correct. Similarly it also present representative list of exports orders as well.

I have shared long term price performance chart of the Company below.As per Dow theory of technical analysis price performance over a period of time reflects Company state.

Cords Cable Industries Limited Stock Performance

The stock got listed on wrong time. It was listed at around 150 mark in year 2008. Due to global crisis it was hit hard. It was not able to recover from that hit and made new lows year after year. In year 2014 it was trading at lowest point after listing.

The Stock had positive movement in recent bull run and gave good returns to investors.As of now it is going in correction phase after good run and investors should wait for the stock to consolidate.

Cords Cable Industries Limited My Opinion

Cords Cable Industries Limited is a Electrical Equipment Company. It is in business of manufacturing different types of electrical wires used in wide range of applications. It creates LT wires and domestic use wires. LT wires are used to transmit power to residential.

Domestic wires are largely dominated by unorganized players. People are not keen on buying branded wires as of now. Branded wire consumption is mostly listed to urban households or storied building manufacturers. However with repeat commercials showing benefits or branded wires is somewhat educating consumers.

The shift from non branded to branded wires is one key trigger for Companies plying in this field. It is growing sector due to electrification driver from Government across India. Also with rise in residential area consumption will rise. Though in nature it is not short period repeat business. So export to developing countries will be important for growth.

There are many companies listed in this space.In case you are interested in this sector then you should compare this Company with others listed in this space before making your decision. Note I have not invested in this sector as of now.

In case you are interested then you can track the company by adding it to your stock watch list. That way you can keep close eye on the Company.