Penny Stock engaged in providing workforce administration and management services jumped upto 11 percent in the day’s trade upon receiving a work order worth Rs. 7.31 Crores for providing workspace management services.
Price Action
With a market capitalization of Rs. 94 Crores, the shares of Service Care Limited were trading at Rs. 81.50 per equity share, up 10.3 percent from its previous day’s close price of Rs. 73.90.
What Happened
Service Care Limited under its Workforce Administration and Work Space Management business verticals has received multiple work orders worth Rs. 7.31 Crores.
The said work order is towards providing workspace management services, to an education institute at Madurai, a corporate and individual finance services company for their Chennai office, an office space solution company for their Chennai office, and a higher and professional education institute for their Bangalore office.
About the Company
Service Care Limited is an integrated business service provider engaged in providing workforce administration and management services. It provides a range of staffing and outsourcing services for various industries such as infrastructure, manufacturing, banking, sales, information technologies, knowledge processing outsourcing, business processing outsourcing, and many more
Financials & Ratios
Its revenue from operations grew by 21.26 percent from Rs. 159 Crores in FY23 to Rs. 192.81 Crores in FY24, accompanied by profits of Rs. 4.38 Crores to Rs. 4.36 Crores.
In terms of return ratios, it has reported a return on equity (ROE) of 14.11 percent and a return on capital employed (ROCE) of 14.09 percent. In terms of leverage, it has reported a debt-to-equity ratio of 0.
Written by: Bharath K.S
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.
