{"id":109441,"date":"2023-09-08T15:39:56","date_gmt":"2023-09-08T10:09:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109441"},"modified":"2023-09-08T15:40:01","modified_gmt":"2023-09-08T10:10:01","slug":"stock-recognised-by-pm-modi-hits-5-upper-circuit-after-gov-approves-financial-support-of-6-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-recognised-by-pm-modi-hits-5-upper-circuit-after-gov-approves-financial-support-of-6-cr\/","title":{"rendered":"Stock recognised by PM Modi hits 5% upper circuit after Gov approves financial support of \u20b9 6 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2381380608\"><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 IT stock hit its upper circuit at 5% in today\u2019s trading session after it received Rs. 6 crore as a strategic support from the Technology Development Board (TDB).<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3813025756\"><!-- 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 price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/530643\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Eco Recycling<\/a><\/strong> opened at Rs. 192 levels and hit its upper circuit at 5% to Rs. 196.80 per share. The company has grown 44.14% in the last six months and 74.05% in the last one year.\u00a0<\/p><p>On 8 September 2023, Technology Development Board announced that they are providing Rs. 6 crores to Eco Recycling Limited as a strategic financial support for Eco\u2019s new initiative &#8216;Recycling on Wheels-SmartER&#8217; Project. This project is a revolutionary model for e-waste collection, shredding, data destruction, and transportation. The company was recognised by none other than PM Modi for innovation in the e-waste sector in his 97th \u201cMann Ki Baat\u201d Episode.<\/p><p>As per company\u2019s quarterly financial report, it has made a revenue of Rs. 5.39 crore in Q4FY23, an increase of 8.8% from Rs. 4.95 crore in Q1FY24. Its net loss of Rs. 3.82 crore in Q4FY23 turned out to be a net profit of Rs. 4.5 crore in Q1FY24. The company maintains a low debt to equity ratio of 0.03. It has also maintained a good average return on equity for&nbsp; the last three years of 22.08<\/p><div class=\"trade-content_5\" id=\"trade-2303796098\"><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>Eco Recycling Limited is India\u2019s leading e- waste management company which provides solutions for managing e- waste. Its services include asset removal, data destruction, e- waste recycling, asset recovery, and others. The company had clients all over the MNCs, retailers, government departments, retailers, educational institutions, and others. The company has set up standards and benchmarks time required to handle e- waste from all over.<\/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-508628929\"><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 IT stock hit its upper circuit at 5% in today\u2019s trading session after it received Rs. 6 crore as a strategic support from the Technology Development Board (TDB). Share price of Eco Recycling opened at Rs. 192 levels and hit its upper circuit at 5% to Rs. 196.80 per share. The company has grown [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81511,"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":[11881,11880,948,936,11882],"class_list":["post-109441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-eco-recycling-latest-news","tag-eco-recycling-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-eco-recycling-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>Stock recognised by PM Modi hits 5% upper circuit after Gov approves financial support of \u20b9 6 Cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This IT stock hit its upper circuit at 5% in today\u2019s trading session after it received Rs. 6 crore as a strategic support from the Technology Development Board (TDB).\" \/>\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\/stock-recognised-by-pm-modi-hits-5-upper-circuit-after-gov-approves-financial-support-of-6-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock recognised by PM Modi hits 5% upper circuit after Gov approves financial support of \u20b9 6 Cr\" \/>\n<meta property=\"og:description\" content=\"This IT stock hit its upper circuit at 5% in today\u2019s trading session after it received Rs. 6 crore as a strategic support from the Technology Development Board (TDB).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-recognised-by-pm-modi-hits-5-upper-circuit-after-gov-approves-financial-support-of-6-cr\/\" \/>\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=\"2023-09-08T10:09:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-08T10:10:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/modi-cover-image-1.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\/stock-recognised-by-pm-modi-hits-5-upper-circuit-after-gov-approves-financial-support-of-6-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-recognised-by-pm-modi-hits-5-upper-circuit-after-gov-approves-financial-support-of-6-cr\/\",\"name\":\"Stock recognised by PM Modi hits 5% upper circuit after Gov approves financial support of \u20b9 6 Cr - 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