Bengaluru, June 24 -- The shares of the Penny stock company, specializing in manufacturing and supplying a wide range of wires, cables, and conductors, jumped upto 13 percent upon receiving two Letters of Intent for the supply of conductors

With a market capitalization of Rs. 80.41 crores on Tuesday, the shares of Marco Cables & Conductors Limited jumped upto 13.2 percent, making a high of Rs. 47.5 per share compared to its previous closing price of Rs. 41.95 per share.

Marco Cables & Conductors Limited, engaged in manufacturing and supplying a wide range of wires, cables, and conductors, has received two Letters of Intent from a reputed client in the cable industry for the supply of conductors.

The first LOI is valued at Rs. 3.94 cr...