{"id":108303,"date":"2023-08-28T14:00:48","date_gmt":"2023-08-28T08:30:48","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108303"},"modified":"2023-08-28T14:00:50","modified_gmt":"2023-08-28T08:30:50","slug":"penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/","title":{"rendered":"Penny stock falls up to 3% after GG Engineering sells 15.8% stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1926667920\"><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>The share prices of this penny stock trades lower by 3% in the market today after its investor company GG engineering sold a total of 15.8% of his stake in the company throughout the last trading week.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-543335012\"><!-- 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>Shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GISOLUTION\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">GI Engineering<\/a><\/strong> opened at Rs. 12.20 and maintained the same level as its intra- day high. The stock gained 20.1%in the previous month. In the last five years, the stock has given a consistent return of 62.98%.\u00a0<\/p><p>The company\u2019s one of the major investors, GG Engineering who previously held 24.47% at the month of June this year in the company sold a total of 15.8%, 1.36 crores shares at an average of Rs. 11.95 per share in the last trading week. On Friday, GG alone sold 1.5% stake which equals to 12.93 lakhs shares.<\/p><p>For Q1FY24, the company has recorded their figures in red. Its total revenue for this quarter is Rs. 93.31 crore, a decrease of 75.16% from Rs. 375.58 crore in the last quarter. Their net profit is reduced to Rs. 0.94 crore which is a downfall of 34.27% from Rs. 1.43 crore in the previous quarter.<\/p><div class=\"trade-content_5\" id=\"trade-652813994\"><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>GI Engineering Solutions, incorporated in 2006, is an engineering design company which provides its services for civil design, land panning, infrastructure development, ancillary services and various consultancy services. The company also specialises in conducting surveys and providing landscape architectural and engineering services.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/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-1502155211\"><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>The share prices of this penny stock trades lower by 3% in the market today after its investor company GG engineering sold a total of 15.8% of his stake in the company throughout the last trading week. Shares of GI Engineering opened at Rs. 12.20 and maintained the same level as its intra- day high. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"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":[11449,11448,11451,9610,11452,948,936,11450],"class_list":["post-108303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-gi-engineering-latest-news","tag-gi-engineering-share-price","tag-gi-engineering-shareholding","tag-penny-stock","tag-penny-stock-2023","tag-stock-market","tag-stock-market-news","tag-why-is-gi-engineering-share-falling"],"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 falls up to 3% after GG Engineering sells 15.8% stake in the company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share prices of this penny stock trades lower by 3% in the market today after its investor company GG engineering sold a total of 15.8% of his stake in the company throughout the last trading week.\" \/>\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\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock falls up to 3% after GG Engineering sells 15.8% stake in the company\" \/>\n<meta property=\"og:description\" content=\"The share prices of this penny stock trades lower by 3% in the market today after its investor company GG engineering sold a total of 15.8% of his stake in the company throughout the last trading week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-28T08:30:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-28T08:30:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/\",\"name\":\"Penny stock falls up to 3% after GG Engineering sells 15.8% stake in the company - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg\",\"datePublished\":\"2023-08-28T08:30:48+00:00\",\"dateModified\":\"2023-08-28T08:30:50+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"The share prices of this penny stock trades lower by 3% in the market today after its investor company GG engineering sold a total of 15.8% of his stake in the company throughout the last trading week.\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Penny stock falls up to 3% after GG Engineering sells 15.8% stake in the company\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Penny stock falls up to 3% after GG Engineering sells 15.8% stake in the company - Trade Brains Features","description":"The share prices of this penny stock trades lower by 3% in the market today after its investor company GG engineering sold a total of 15.8% of his stake in the company throughout the last trading week.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/","og_locale":"en_US","og_type":"article","og_title":"Penny stock falls up to 3% after GG Engineering sells 15.8% stake in the company","og_description":"The share prices of this penny stock trades lower by 3% in the market today after its investor company GG engineering sold a total of 15.8% of his stake in the company throughout the last trading week.","og_url":"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-08-28T08:30:48+00:00","article_modified_time":"2023-08-28T08:30:50+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/","url":"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/","name":"Penny stock falls up to 3% after GG Engineering sells 15.8% stake in the company - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg","datePublished":"2023-08-28T08:30:48+00:00","dateModified":"2023-08-28T08:30:50+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"The share prices of this penny stock trades lower by 3% in the market today after its investor company GG engineering sold a total of 15.8% of his stake in the company throughout the last trading week.","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/06\/Markets-12342-Cover-Image.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/penny-stock-falls-up-to-3-after-gg-engineering-sells-15-8-stake-in-the-company\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Penny stock falls up to 3% after GG Engineering sells 15.8% stake in the company"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/108303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=108303"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/108303\/revisions"}],"predecessor-version":[{"id":108306,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/108303\/revisions\/108306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/50355"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=108303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=108303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=108303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}