Orient Cables Share Price Crashes After 65% IPO Debut; Profit Booking Pushes Stock Towards Lower Circuit
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The Orient Cables share price fell sharply after listing at a premium of 65%. The stock hit a reported lower circuit of ₹363 in Tuesday's early trade. Read more.
Orient Cables (India) Limited debuted on the stock market on 5 October 2026. It listed at ₹448 on the Bombay Stock Exchange (BSE), marking a 65% premium to its initial public offering (IPO) price of ₹272. However, heavy selling followed the strong listing in the next trading session.
The steep fall appears to have been triggered by investors booking profits after the shares listed strongly. Despite the fall, the shares remained 33% above their IPO price at the reported lower circuit.
On the BSE at 11:58 am on 6 October 2026, Orient Cables shares stood at ₹375.20, down ₹28.10 or 6.97%. The stock opened at ₹380 against the previous close of ₹403.30. It touched a high of ₹398.40 and a low of ₹363. The Orient Cables stock fell as much as 10% to its lower-circuit level of ₹363 during the early trade.
Going ahead, investors are expected to track quarterly revenue growth, profitability, order execution and operating cash flow more closely.
Orient Cables Serves Key Digital Infrastructure Sectors
Orient Cables operates as a business-to-business (B2B) manufacturer of networking cables and passive networking equipment. Its customers span telecom, broadband, data centres, renewable energy, smart-building automation, fast-moving electrical goods (FMEG), automotive and e-mobility.
The company also exports to markets including the United Arab Emirates (UAE), Qatar, the United States of America (USA), Australia, New Zealand, Nepal, Singapore and the Netherlands.
Orient Cables Financials Show Steady Growth
Orient Cables’ revenue from operations increased from ₹657.77 crore in FY24 to ₹824.96 crore in FY25 and ₹1,171.65 crore in FY26. Profit rose from ₹40.1 crore to ₹53.3 crore and then to ₹53.56 crore over the same period.
The Indian networking cables market is projected to grow at a compound annual growth rate (CAGR) of 18.7% between FY26 and FY31, reaching ₹8,450 crore. The fibre-optic cables market is projected to grow at a 17.3% CAGR from ₹10,500 crore in FY26 to ₹23,310 crore by FY31.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.
At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.
When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.
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