{"id":108749,"date":"2023-09-01T14:16:19","date_gmt":"2023-09-01T08:46:19","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108749"},"modified":"2023-09-01T14:16:21","modified_gmt":"2023-09-01T08:46:21","slug":"multibagger-stock-gains-up-to-15-after-securing-a-marine-contract-worth-3290-crore","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-gains-up-to-15-after-securing-a-marine-contract-worth-3290-crore\/","title":{"rendered":"Multibagger stock gains up to 15% after securing a marine contract worth \u20b9 3290 Crore"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3210498153\"><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 construction company rallied nearly 15% in the first half after winning a marine contract. The stock saw a strong momentum in the market today.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1185467128\"><!-- 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\/ITDCEM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">ITD Cementation India<\/a><\/strong> opened at Rs. 228 levels and traded 14.8% higher to reach its 52- week high of Rs. 249.60. The stock has given a multibagger return of 118.77% in just the last six months. Over the last three years, the stock has returned a total of 307.02%.<\/p><p><strong>On 31 August 2023, the company filed a press release regarding its latest marine contract worth Rs. 3290 crore excluding GST.<\/strong><\/p><p>The company currently holds a market capitalization of Rs. 3736.38 crore. After comparing on a QoQ basis, the revenue for Q1FY24 can be noted with an increase of 66.93% to Rs. 1832.57 from Rs. 1631.41 crore in Q4FY23. The net profit rose 73.69% to Rs. 52.21 crore in Q1FY24 from Rs. 37.79 crore in Q4FY23. The company maintains a low debt to equity ratio of 0.59. Its price to earnings ratio is at 25.55 against industry average price to earnings ratio of 31.96.<\/p><div class=\"trade-content_5\" id=\"trade-2238325855\"><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>ITD Cementation Limited, incorporated in the year of 1931 is into construction and engineering solutions. It is one of the leading companies which works on business operations such as Infrastructure, civil construction, EPC business, constructing airports, electric power plants, tunnels, highways, dams, and many more.<\/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-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-1395555349\"><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 construction company rallied nearly 15% in the first half after winning a marine contract. The stock saw a strong momentum in the market today. Shares of ITD Cementation India opened at Rs. 228 levels and traded 14.8% higher to reach its 52- week high of Rs. 249.60. The stock has given a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104324,"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":[10785,10786,10784,948,936],"class_list":["post-108749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-itd-cementation-latest-news","tag-itd-cementation-latest-order","tag-itd-cementation-share-price","tag-stock-market","tag-stock-market-news"],"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>Multibagger stock gains up to 15% after securing a marine contract worth \u20b9 3290 Crore - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this construction company rallied nearly 15% in the first half after winning a marine contract. 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