Listed below are some of the stocks in focus that have received new work orders in the day’s trade for a consideration of upto Rs. 15 Crores that will improve their operations and profitability.
Oriana Power
About the Company
Oriana Power Limited is engaged in providing a wide range of solar energy solutions to industrial and commercial customers. Its solutions include floating solar panels, rooftop solar, hydrogen electrolyzers, and many more.
Price Action
With a market capitalization of Rs. 4,022 Crores, the shares of Oriana Power Limited were trading at Rs. 2,097 per equity share, up 1 percent from the previous day’s close price of Rs. 2,077.80.
What Happened
Oriana Power Limited has received a new work order from a Tyre Company in Gwalior for the Engineering, Procurement, and Construction (EPC), commissioning, operation, and maintenance of a 4MWp Solar Power Plant for a consideration of Rs. 15 Crores, the work should be executed within 9 months and the operation and maintenance is for 15 years.
Financials and Ratios
Its Revenue from Operations grew by 181 percent from Rs. 136 Crores in FY23 to Rs. 383 Crores in FY24, accompanied by profits of Rs. 11 Crores to Rs. 54 Crores.
In terms of Return ratios, it has reported a return on equity(ROE) of 169 percent and a return on capital employed (ROCE) of 79.4 percent. It has reported a debt-to-equity ratio of 1.26.
Dev Information Technology
About the Company
Dev Information Technology Limited is in the business of providing IT-enabled Technology Solutions Provider which delivers Digital Transformation leveraging Cloud, Automation, and Data technologies
Price Action
With a market capitalization of Rs. 311.41 Crores, the shares of Dev Information Technology Limited were trading at Rs. 138.50 per equity share, up 0.80 percent from the previous day’s close price of Rs. 137.40.
What Happened
Dev Information Technology Limited has secured a new work order for a consideration of Rs. 5 Crores for the Operation, Maintenance, and Enhancement of the RAJKISAN SATHI Portal for a period of One Year.
This is for the enhancement, Operation & Maintenance of a Single Window (Integrated) portal for citizen-centric services and DBT of individual beneficiary Schemes of Agriculture, Horticulture, RSAMB, RSSC, and Marketing Board.
Financials and Ratios
Its Revenue from Operations grew by 31.75 percent from Rs. 124 Crores in FY23 to Rs. 164 Crores in FY24, accompanied by profits of Rs. 9 Crores in both the years.
In terms of Return ratios, it has reported a return on equity(ROE) of 19.2 percent and a return on capital employed (ROCE) of 22.8 percent. It has reported a debt-to-equity ratio of 0.26.
Written by: Bharath K.S
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