{"id":104237,"date":"2023-06-19T12:40:21","date_gmt":"2023-06-19T07:10:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104237"},"modified":"2023-06-19T12:40:23","modified_gmt":"2023-06-19T07:10:23","slug":"small-cap-stock-zooms-20-after-it-bags-orders-worth-rs-1135-crores-hits-52-week-high","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-zooms-20-after-it-bags-orders-worth-rs-1135-crores-hits-52-week-high\/","title":{"rendered":"Small cap stock zooms 20% after it bags orders worth Rs 1,135 crores; Hits 52-week high\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3164578114\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market capitalization of Rs 1,734 crores, the shares of Skipper Limited opened their trading hour today at Rs 160 and currently trade at Rs 169. The scrip witnessed an intra-day high, which is also the new 52-week high mark, of Rs 172.80 indicating an up movement of 20 percent compared to the previous closing levels of Rs 144.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-552303357\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Such sharp movements in the stock prices were observed after the company, through a regulatory filing with the exchange, announced that it received orders worth Rs 1,135 crores from Domestic as well as International Markets.&nbsp;<\/p><p>The order pertains to the construction of new Transmission line projects for \u2018Powergrid Corporation\u2019 as well as Tower and Pole export supplies to the Middle East, Latin American, and North African regions.&nbsp;<\/p><p>The latest consolidated financial numbers reported by the company represent an increase in operating revenues from Rs 1,707 crores during FY21-22 to Rs 1,980 crores in FY22-23. Moreover, the net profit numbers, keeping the timeframe the same, went up from Rs 28 crores to Rs 32 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3389731761\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to the shareholding data available for the March 2023 quarter, Promoters of the company hold a 71.89 percent stake, and Foreign Institutional Investors (FIIs) hold a 9.51 percent stake in the company.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SKIPPER\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Skipper Limited (India)<\/a><\/strong> is engaged in the process of manufacturing distribution as well as transmission structures, PVC Pipes &amp; Fittings. The company functions through India but also exports its products to the Middle East, Australia, Southeast Asia, etc. It generates most of its revenue from the \u2018Engineering Products\u2019 segment offering power distribution poles, fasteners, etc.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>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.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-709059413\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market capitalization of Rs 1,734 crores, the shares of Skipper Limited opened their trading hour today at Rs 160 and currently trade at Rs 169. The scrip witnessed an intra-day high, which is also the new 52-week high mark, of Rs 172.80 indicating an up movement of 20 percent compared to the previous [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[3854,3358,6070,6609,4500,6102,5214,5946,5213,3226,5947,5835,5836,5422,5407,3852,6610,4499,8372,7081],"class_list":["post-104237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-52-week-high-stocks","tag-fii-holding","tag-fii-latest-news","tag-fii-portfolio-2023","tag-fii-stocks","tag-small-cap-stock","tag-small-cap-stock-to-buy","tag-small-cap-stock-to-buy-now","tag-small-cap-stock-to-watch","tag-small-cap-stocks","tag-small-cap-stocks-to-add-in-your-watchlist","tag-small-cap-stocks-to-buy","tag-small-cap-stocks-to-buy-now","tag-smallcap-stock","tag-smallcap-stocks","tag-stocks-at-52-week-high","tag-stocks-in-which-fii-invested","tag-stocks-in-which-fiis-are-buying","tag-stocks-that-touched-52-week-high","tag-stocks-that-touched-52-week-high-today"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Small cap stock zooms 20% after it bags orders worth Rs 1,135 crores; Hits 52-week high\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"With a market capitalization of Rs 1,734 crores, the shares of Skipper Limited opened their trading hour today at Rs 160 and currently trade at Rs 169. The scrip witnessed an intra-day high, which is also the new 52-week high mark, of Rs 172.80 indicating an up movement of 20 percent compared to the previous closing levels of Rs 144.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/small-cap-stock-zooms-20-after-it-bags-orders-worth-rs-1135-crores-hits-52-week-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small cap stock zooms 20% after it bags orders worth Rs 1,135 crores; Hits 52-week high\u00a0\" \/>\n<meta property=\"og:description\" content=\"With a market capitalization of Rs 1,734 crores, the shares of Skipper Limited opened their trading hour today at Rs 160 and currently trade at Rs 169. 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