{"id":110537,"date":"2023-09-22T11:19:29","date_gmt":"2023-09-22T05:49:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110537"},"modified":"2023-09-22T11:19:34","modified_gmt":"2023-09-22T05:49:34","slug":"microcap-stock-jumps-to-reach-52-week-high-after-company-received-order-worth-72-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-to-reach-52-week-high-after-company-received-order-worth-72-cr\/","title":{"rendered":"Microcap stock jumps to reach 52-week high after company received order worth \u20b9 72 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3245580158\"><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 logistics stock reached its 52- week high in the market on Friday after the company received a long- term business order worth approximately Rs. 72 crore.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-244982680\"><!-- 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\/AVG\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">AVG Logistics<\/a><\/strong> opened at Rs. 302.30 per share and gained almost 3% to reach its 52- week high of Rs. 305 levels. The stock gave a multibagger return of 91.56% in the last six months and 151.92% in the last one year.<\/p><p>On 21 Sep 2023, the company received an order worth approximately Rs. 72 crore from an unidentified multinational company in the FMCG Sector. The order is to be executed from Q3FY24 over the next three years. The company is expecting double digit growth in their FY24 in regard to receiving this order.&nbsp;<\/p><p>Comparing its recent financials on a QoQ basis, the company recorded a revenue of Rs. 100.34 crore in Q1FY24 which is a decrease of 24% from Rs. 132.03 crore in Q4FY23. Its net profit of Rs. 26.06 crore in Q4FY23 saw a heavy decline of 92% to Rs. 2.08 crore in Q1FY24. <\/p><div class=\"trade-content_5\" id=\"trade-3204083999\"><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>As per its shareholding pattern, the promoters of the company hold a total of 61.22% while the public holding stands at 17.12% for the June Quarter.<\/p><p>AVG Logistics Limited is a leading solutions provider which is based out in India. The company acts as a multinational company which provides solutions which are custom and driven by technology for many industries such as warehousing, transportation, supply chain management and distribution.&nbsp;<\/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-4219342549\"><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 logistics stock reached its 52- week high in the market on Friday after the company received a long- term business order worth approximately Rs. 72 crore. Share price of AVG Logistics opened at Rs. 302.30 per share and gained almost 3% to reach its 52- week high of Rs. 305 levels. The stock gave [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97173,"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":[12366,12367,12365,948,936],"class_list":["post-110537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-avg-logistics-latest-news","tag-avg-logistics-latest-order","tag-avg-logistics-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>Microcap stock jumps to reach 52-week high after company received order worth \u20b9 72 Cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This logistics stock reached its 52- week high in the market on Friday after the company received a long- term business order worth approximately Rs. 72 crore.\" \/>\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\/microcap-stock-jumps-to-reach-52-week-high-after-company-received-order-worth-72-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microcap stock jumps to reach 52-week high after company received order worth \u20b9 72 Cr\" \/>\n<meta property=\"og:description\" content=\"This logistics stock reached its 52- week high in the market on Friday after the company received a long- term business order worth approximately Rs. 72 crore.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-to-reach-52-week-high-after-company-received-order-worth-72-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=\"2023-09-22T05:49:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-22T05:49:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/logistics-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\/microcap-stock-jumps-to-reach-52-week-high-after-company-received-order-worth-72-cr\/\",\"url\":\"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-to-reach-52-week-high-after-company-received-order-worth-72-cr\/\",\"name\":\"Microcap stock jumps to reach 52-week high after company received order worth \u20b9 72 Cr - 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