During Thursday’s trading session, the shares of a company engaged in providing design, engineering, and electronics manufacturing services hit a 5 percent upper circuit at Rs. 754.3 on NSE, after the company announced winning Domestic and International purchase orders worth over Rs. 89 crores.
Stock Performance
With a market cap of Rs. 934 crores, at 02:00 p.m., the shares of Vinyas Innovative Technologies Limited were trading in the green at Rs. 742, up by nearly 3.3 percent, as against its previous closing price of Rs. 718.4.
What’s the news
Vinyas Innovative Technologies Limited announced receiving purchase orders, both domestic and international, from Alpha Design Technologies Private Limited and various other customers for a value of Rs. 89.25 crores.
As per the latest regulatory filings with the NSE, the purchase order involves the manufacturing and supply of PCBA (Printed Circuit Board Assemblies) and electronic assemblies. The order is scheduled to be executed in 12 months.
Previous News
3rd December 2024: The company secured purchase orders worth Rs. 48.03 crores from domestic and international customers, with an execution timeline of 12 months.
23rd December 2024: Vinyas Innovative Technologies received purchase orders from an undisclosed domestic customer for a value of Rs. 390 crores. The order was scheduled to be executed in 24 months.
Also read…..
Financials
Vinyas Innovative Technologies reported a marginal growth in revenue from operations, experiencing a year-on-year rise of nearly 9.5 percent, increasing from Rs. 137 crores in H1 FY24 to Rs. 150 crores in H1 FY25.
Similarly, during the same period, the company’s net profit increased from Rs. 6 crores to Rs. 7 crores, representing a growth of around 16.6 percent YoY.
About the company
Incorporated in 2001, Vinyas Innovative Technologies Limited is engaged in the business of providing design, engineering and electronics manufacturing services catering to global Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) in the Electronic Industry.
Written by Shivani Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
