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Orient Cables Stock Plummets 10% Post-IPO

6 Oct

Summary

Orient Cables stock fell 10% to ₹363 on Tuesday.
The stock listed at a 65% premium on Monday.
The company manufactures networking cables and equipment.

Orient Cables (India) saw its share price decrease by 10% on Tuesday, 2026-10-06, reaching ₹363, an all-time low and its lower circuit level. This decline followed a robust listing on Monday, 2025-10-05, where the stock opened at ₹448, a 65% premium to its issue price of ₹272.

Market analysts attribute the sharp fall primarily to investors booking profits from the initial listing gains. The B2B manufacturer, specializing in networking cables and passive networking equipment, serves diverse high-growth sectors like telecom, data centers, and renewable energy. Future investor focus is expected to be on the company's quarterly revenue growth, profitability, order execution, and operating cash flow.

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