The shares of CATV, an SMATV equipment manufacturer hit a 20 percent upper circuit after the company received an order worth Rs 1.16 crore from Larsen & Toubro Group.
With a market capitalization of Rs 9.65 crores, the shares of Catvision Ltd were trading at Rs 17.70 per share, increasing around 20 percent compared to the previous closing price of Rs 14.75 per share.
According to the company filing, Catvision Ltd the company received an order worth Rs 1.16 crore from Larsen & Toubro Group for the Supply and installation of Catvision- Master Antenna Television System for the central Vista project & Patna Medical College Hospital respectively.
In addition to the information in the previous paragraph, this order was placed with two separate Larsen & Toubro Group companies: Larsen & Toubro Ltd. placed an order for Rs. 73.50 lakhs, and L&T Technology Services Ltd. placed an order for Rs. 28.16 lakh. Both companies gave orders for the supply and installation of Catvision-Master Antenna Television Systems; their order durations were three and nine months, respectively.
The business and the Unitron Group of Belgium have 50:50 joint ventures. The purpose of the joint venture companies was to design, develop, and market new products using cutting-edge technologies to both joint venture partners.
Looking into Catvision Ltd’s performance, revenue decreased by 0.5 percent from Rs 21.67 Crore in FY2021-22 to Rs 21.55 Crore in FY2022-23. During the same duration, net profit decreased from a profit of Rs 0.13 crore to a loss of Rs 0.87 crore.
Catvision Ltd’s recent shareholding pattern, The Promoters of the company own 29.62% percent while Retail shareholders own a 70.07 percent stake in the company and Domestic institutional investors own 0.31 percent.
Catvision India Ltd is a company that produces and markets IPTV, SMATV, and CATV equipment as well as offers associated services, such as channel marketing. The business serves both domestic and foreign customers.
Investing in penny stocks carries inherent risks and should be done cautiously because the financial statements do not accurately reflect their actual circumstances. This article makes no financial recommendations.
Written by:- Abhishek 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.
