{"id":108853,"date":"2023-09-04T13:17:10","date_gmt":"2023-09-04T07:47:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108853"},"modified":"2023-09-04T13:17:11","modified_gmt":"2023-09-04T07:47:11","slug":"penny-stock-jumps-up-to-5-after-bagging-an-order-worth-36-65-crore-from-gujarat-energy-transmission","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-up-to-5-after-bagging-an-order-worth-36-65-crore-from-gujarat-energy-transmission\/","title":{"rendered":"Penny stock hits 5% upper circuit after bagging an order worth \u20b9 36.65 Cr from Gujarat Energy Transmission"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2466568811\"><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>This penny stock surged 5% on Monday\u2019s morning after it received an order worth Rs. 36.35 from Gujarat Energy Transmission Corporation Limited.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1004357209\"><!-- 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>Share prices of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HECPROJECT\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">HEC Infra<\/a><\/strong> opened at Rs. 46.75 and traded 5% higher to reach its intra- day high of Rs. 46.90 per share. The stock returned 25.21% in the last month and 47.28% in the last six months.<\/p><p>On 2 September 2023, the company received a work order worth Rs. 36.65 crore from Gujarat Energy Transmission Corporation Limited. According to the order, HEC is responsible for &#8211; Laying, erection, testing and commissioning of 66 KV lC,300 mm2 and lC,630mm2 XLPE cable for PolyAI and AI. Corrugated cable for various lines for the period of 2 years. The order is expected to be completed within 24 months from the date of letter of authorization (LoA).<\/p><p>According to its recent financials, the company made a revenue of Rs. 13.26 crore in Q1FY24 which is 31.8% less than Rs. 19.47 crore in Q4FY23. Its net profit which was Rs. 0.47 crore in Q4FY23 reduced by 57.4% to Rs. 0.2 crore in Q1FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1824088056\"><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>HEC Infra Projects Limited, incorporated in 2005 and headquartered in Ahmedabad, India is an EPC contractor firm. The company takes up big projects, mostly from the government and large businesses. HEC caters to many sectors including chemical, refineries, gas, cement, oil and steel. It also provides engineering and procurement services.<\/p><p><strong>As penny stocks are illiquid, even a small number of orders might cause a circuit<\/strong> <strong>limit. Individual investors should do extensive research before buying high-return<\/strong> <strong>penny stocks since they lack consistency in performance and hence create a high<\/strong> <strong>risk to retail investors.<\/strong><\/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-3334127040\"><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>This penny stock surged 5% on Monday\u2019s morning after it received an order worth Rs. 36.35 from Gujarat Energy Transmission Corporation Limited. Share prices of HEC Infra opened at Rs. 46.75 and traded 5% higher to reach its intra- day high of Rs. 46.90 per share. The stock returned 25.21% in the last month and [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":78680,"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":[11031,11030,948,936,11032],"class_list":["post-108853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hec-infra-projects-latest","tag-hec-infra-projects-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-hec-infra-projects-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 5% upper circuit after bagging an order worth \u20b9 36.65 Cr from Gujarat Energy Transmission - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This penny stock surged 5% on Monday\u2019s morning after it received an order worth Rs. 36.35 from Gujarat Energy Transmission Corporation Limited.\" \/>\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-jumps-up-to-5-after-bagging-an-order-worth-36-65-crore-from-gujarat-energy-transmission\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock hits 5% upper circuit after bagging an order worth \u20b9 36.65 Cr from Gujarat Energy Transmission\" \/>\n<meta property=\"og:description\" content=\"This penny stock surged 5% on Monday\u2019s morning after it received an order worth Rs. 36.35 from Gujarat Energy Transmission Corporation Limited.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-up-to-5-after-bagging-an-order-worth-36-65-crore-from-gujarat-energy-transmission\/\" \/>\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=\"2023-09-04T07:47:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-04T07:47:11+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/12\/ele-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-jumps-up-to-5-after-bagging-an-order-worth-36-65-crore-from-gujarat-energy-transmission\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-up-to-5-after-bagging-an-order-worth-36-65-crore-from-gujarat-energy-transmission\/\",\"name\":\"Penny stock hits 5% upper circuit after bagging an order worth \u20b9 36.65 Cr from Gujarat Energy Transmission - 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