This micro-cap stock surged up to 6 percent to Rs 110 per share after receiving a new order in the business of graphics Design & rendering Services for a value of Rs 8.54 crores.
At 12:51 p.m., Sunrise Efficient Marketing Ltd shares were trading at Rs 106 a share on the Bombay Stock Exchange, up 1.87 percent from the previous close price. and the company has a market capitalization of Rs 106 crores.
The company bagged an order in an entirely new business of providing solutions for graphic designing and rendering along with all the required hardware from a Public Ltd Company, For the value of Rs 8.54 crore. As per the company’s exchange filing.
The order involved in the development of the generation of a two or three-dimensional image from a model using application programs. Rendering is mostly used in architectural designs, video games and animated movies, simulators, TV special effects, and design visualization.
On a year-to-date basis, the company’s stock has increased by 24 percent and 48 percent in a year.
The company receives 99 percent revenue from the sale of goods & services and the remaining 1 percent from other income sources.
Recently, the business received a Rs 13 crore contract for the provision of various sizes of cables, followed by a Rs 7.5 crore order from ONGC.
The company’s net profit has increased by 200 percent year on year, from Rs 1 crore in Q2FY23 to Rs 3 crore in Q2FY24. During the same period, revenue has increased by 39 percent from Rs 36 crore to Rs 50 crore.
Sunrise Efficient Marketing Limited principally distributes Automation, Drive, Gear Boxes, Motors, Pumps, Oils, and FMCG Products.
The company is the authorized distributor of various components for various companies such as Crompton, Kirloskar, Bharat Bijlee, Lubi, and many more.
Written by Omkar Chitnis
