The Indian stock market as a whole has bounced back, with the benchmark indices maintaining a positive trajectory. The Sensex rose by 2.1 percent, closing at 76,734.89, while the Nifty 50 also ended in the green, gaining about 2.2 percent to close at 23,328.55, during Tuesday’s trading session.
Amid this upbeat momentum, here are two micro-cap power stocks that hit a 2 percent upper circuit after securing new orders:
Viviana Power Tech Limited
With a market cap of Rs. 515.8 crores, the stock hit a 2 percent upper circuit at Rs. 821.9 on NSE, during Tuesday’s trading session.
As per the latest regulatory filing on the NSE, Viviana Power Tech Limited emerged as the L1 (lowest) bidder for a turnkey contract. The project involves the supply, installation, testing, and commissioning of 11 kV Medium Voltage Covered Conductor (MVCC) along with its accessories and allied components.
The contract is aimed at developing a robust network to ensure a reliable power supply across the 11 kV feeders of the Bhuj Circle, as well as the Rajkot Rural and Morbi Circles of PGVCL, under System Improvement (SI) Scheme. The project is expected to be completed within nine months.
The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 156 percent, rising from Rs. 14.11 crores in Q3 FY24 to Rs. 36.12 crores in Q3 FY25, accompanied by a rise in net profit by about 130 percent YoY from Rs. 1.5 crores to Rs. 3.44 crores.
Viviana Power is engaged in the business of power transmission, distribution, and industrial electrical EPC projects, including a wide range of services such as supply, erection, testing and commissioning of power transmission lines, EHV substations, power distribution network establishment, underground cable laying, and upgradation and modification of existing power systems.
Power and Instrumentation (Gujarat) Limited
With a market cap of Rs. 224 crores, the stock hit a 2 percent upper circuit at Rs. 146.4 on BSE, during Tuesday’s trading session.
As per the latest regulatory filings, Power and Instrumentation (Gujarat) Limited has secured a work order valued at Rs. 80.24 lakhs from Godrej & Boyce Mfg. Co. Ltd. The project is scheduled to be completed within one month from the date of order acceptance.
The scope of the order includes the erection of a 350 MVA power transformer, oil filtration, pre-erection testing, and oil sample testing for power transformers at the 400kV GIS PSS-2 GIPCL, Khavda Project.
The company reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 120.8 percent, rising from Rs. 15.13 crores in Q3 FY24 to Rs. 33.4 crores in Q3 FY25, accompanied by a rise in net profit by 276 percent YoY from Rs. 0.83 crores to Rs. 3.12 crores.
Power and Instrumentation (Gujarat) Limited is engaged in the business of electrical contract work and dealing in electrical equipment.
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.
