{"id":107029,"date":"2023-08-14T14:33:52","date_gmt":"2023-08-14T09:03:52","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107029"},"modified":"2023-08-14T14:33:53","modified_gmt":"2023-08-14T09:03:53","slug":"penny-stock-hits-10-upper-circuit-after-a-bulk-deal-worth-3-67-crores-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-a-bulk-deal-worth-3-67-crores-check-the-details\/","title":{"rendered":"Penny stock hits 10% upper circuit after a Bulk Deal worth \u20b9 3.67 Crores; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1734165478\"><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>Shares of this penny stock engaged in the construction business hit the 10 percent upper circuit post a couple of trading hours on Monday. The company is expected to announce its financial results for the quarter ended June 2023 today.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3816952972\"><!-- 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>With a market capitalization of Rs 315 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SIMPLEXINF\/consolidated\">Simplex Infrastructures Limited<\/a><\/strong> opened their trading hour at Rs 51.05 and currently are locked in the 10 percent upper circuit recorded at a price of Rs 55.03 apiece.\u00a0<\/p><p>The company\u2019s stock has shown such a surge in prices post a Bulk Deal that took place pertaining to the company\u2019s shares on 11th August 2023.&nbsp;<\/p><p>According to the NSE Bulk Deal data, HDFC Mutual Fund sold a total of 9,81,300 equity shares of the company with the buying party consisting of two private entities named ICM Finance Private Limited and Maryada Barter Private Limited.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2834075247\"><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>The former bought 3,00,000 equity shares at an average price of Rs 52.49, and, the latter party bought 4,00,000 equity shares at Rs 52.35 making it an aggregate buying worth of Rs 3.67 crores.&nbsp;<\/p><p>The latest shareholding data available as per the June 2023 quarter, the Promoters hold a 49.82 percent stake followed by the Retail Investors holding a 40.99 percent stake in the company.&nbsp;<\/p><p>Simplex Infrastructures Limited is a company that is engaged in the primary business of construction. The company executes projects in various sectors such as Energy &amp; Power, Marine, Transport, etc. It generates a majority of its revenue from domestic operations within India.&nbsp;<\/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\" style=\"object-fit:cover;width:256px;height:256px\" 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-687478407\"><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>Shares of this penny stock engaged in the construction business hit the 10 percent upper circuit post a couple of trading hours on Monday. The company is expected to announce its financial results for the quarter ended June 2023 today.&nbsp; With a market capitalization of Rs 315 crores, the stocks of Simplex Infrastructures Limited opened [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"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":[9610,10881,10880,948,936,10882],"class_list":["post-107029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-penny-stock","tag-simplex-infrastructures-latest-news","tag-simplex-infrastructures-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-simplex-infrastructures-share-going-up"],"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>Penny stock hits 10% upper circuit after a Bulk Deal worth \u20b9 3.67 Crores; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this penny stock engaged in the construction business hit the 10 percent upper circuit post a couple of trading hours on Monday. 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