New Delhi, Oct. 6 -- Just a day after listing at a solid premium of 65%, Orient Cables share price crashed as much as 10% in morning deals on Tuesday, 6 October, largely due to profit booking. Shares of Orient Cables (India) opened at Rs.380 against their previous close of Rs.403.30 and dropped 10% to a fresh all-time low and their lower circuit level of Rs.363. However, even at this price, the stock is up 33% from its issue price of Rs.272.

On Monday, 5 October, the stock listed at a 65% premium at Rs.448 on the BSE.

Experts believe the sharp decline in the stock could be due to investors selling to pocket listing gains. In the coming months, investors' focus will be on quarterly revenue growth, profitability, order execution, and oper...