{"id":110585,"date":"2023-09-22T14:51:38","date_gmt":"2023-09-22T09:21:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110585"},"modified":"2023-09-22T15:21:53","modified_gmt":"2023-09-22T09:51:53","slug":"newly-listed-stock-jumps-3-after-companys-joint-venture-received-an-order-worth-73-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/newly-listed-stock-jumps-3-after-companys-joint-venture-received-an-order-worth-73-cr\/","title":{"rendered":"Newly listed stock jumps 3% after company\u2019s joint venture received an order worth \u20b9 73 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-497266365\"><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 small cap stock rose almost 3% after the company\u2019s joint venture VPRPL-B&amp;G JV received an order worth Rs. 73 crore from Office of Municipal Board in Rajasthan. The company is the leading partner in the said joint venture.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2740100307\"><!-- 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\/VPRPL\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Vishnu Prakash<\/a><\/strong> opened at Rs. 171.55 per share and gained up to 3% during the trading session to reach its intra- day high of Rs. 174.45 per piece. Since the listing of the stock on 5 Sep, 2023, the stock has given a return of 16.74%<\/p><p>On 21 Sep 2023, the company\u2019s joint venture named as VPRPL-B&amp;G JV, received a letter of award worth Rs. 73.07 crore from the office of Municipal Board, Piparcity in Rajasthan to provide, lay, joint, test and be in charge of commissioning of sewerage system and all ancillary works along with design, construction, supply, installation, testing and commissioning of Sewage Pumping Station\/MPS on SBR Process.<\/p><p>As per its recent financials on a YoY basis, the company recorded a revenue of Rs. 1,168.4 crore in FY23, up by 48.73% from Rs. 785.61 crore in FY22. Its net profit of 90.64 crore in FY23 which increased 102.1% from Rs. 44.85 crore in FY22. The company has a debt to equity ratio of 0.80 and maintains a good average ROE for the last three years of 29.83%<\/p><div class=\"trade-content_5\" id=\"trade-4283778656\"><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>Vishnu Prakash R Pugalia is involved in the construction business and providing engineering services for infrastructure projects for central and state governments across the country. The company has experience in design and also offers its services in Railway projects, road projects, irrigation networks and water supply projects to autonomous and private bodies.&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-3626028441\"><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 small cap stock rose almost 3% after the company\u2019s joint venture VPRPL-B&amp;G JV received an order worth Rs. 73 crore from Office of Municipal Board in Rajasthan. The company is the leading partner in the said joint venture. Share price of Vishnu Prakash opened at Rs. 171.55 per share and gained up to 3% [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"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":[948,936,12388,12390,12387,12389],"class_list":["post-110585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-vishnu-prakash-latest-news","tag-vishnu-prakash-latest-order","tag-vishnu-prakash-share-price","tag-why-is-vishnu-prakash-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>Newly listed stock jumps 3% after company\u2019s joint venture received an order worth \u20b9 73 Cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This small cap stock rose almost 3% after the company\u2019s joint venture VPRPL-B&amp;G JV received an order worth Rs. 73 crore from Office of Municipal Board in Rajasthan. 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