{"id":110714,"date":"2023-09-26T11:08:53","date_gmt":"2023-09-26T05:38:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110714"},"modified":"2023-09-26T11:08:58","modified_gmt":"2023-09-26T05:38:58","slug":"smallcap-stock-jumps-5-after-company-commissions-a-new-zinc-galvanization-plant-in-up","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-5-after-company-commissions-a-new-zinc-galvanization-plant-in-up\/","title":{"rendered":"Smallcap stock jumps 5% after company commissions a new zinc galvanization plant\u00a0in UP"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3953678638\"><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 steel fabrication and infrastructure stock rose 5 percent to Rs 53.90 on Tuesday\u2019s early trade after the company commissioned a new Zinc Galvanization Plant with an Annual Capacity of 96000 Metric Tons.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3077052841\"><!-- 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>At 10:40 a.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SALASAR\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Salasar Techno Engineering Ltd<\/a><\/strong> shares were trading at Rs 52.50 apiece, up 2.93 percent from the previous close price and the company has a market capitalization of Rs 1,657 crore.\u00a0<\/p><p>According to the company&#8217;s exchange filing, Salasar Techno Engineering Ltd has successfully installed and commenced operation of a new zinc galvanization facility with an annual capacity of 96000 metric tonnes, With effect from September 25th, 2023, at the company&#8217;s Unit &#8211; III, located in Village &#8211; Khera P.O. Pilkhuwa, Tehsil Dhaulana, Distt- Hapur, Uttar Pradesh, India.&nbsp;<\/p><p>The new Zinc Galvanization Plant is a significant milestone in the company\u2019s growth and expansion. With its cutting-edge technology and increased capacity, the plant, which is one of the largest in the world, is poised to play a critical role in meeting the growing demand for high-quality galvanized products in a variety of industries, particularly gearbox line monopoles and large-scale structures such as infrastructure, construction, and automotive.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3202555167\"><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>Salasar Techno Engineering revenue has increased by 24 percent yearly, from Rs 210 crore in Q1FY23 to Rs 261 crore in Q1FY24. During the same time, the company\u2019s net profit has increased by 43 percent from Rs 7 crore to Rs 10 crore.&nbsp;<\/p><p>Salasar Techno Engineering shares have delivered returns of 45 percent in the last six months and 74 percent in a year.&nbsp;<\/p><p>According to the latest shareholding pattern, the promoters of the company hold a 63.07 percent stake, while foreign institutional investors hold 9.04 percent and retail investors hold a 27.87 percent stake in the company.&nbsp;<\/p><p>Salasar Techno Engineering is specialized in the development of customized steel fabrication and infrastructure solutions. Engineering, design, manufacture, galvanization, and deployment are all services offered by the company.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/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-641532771\"><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 steel fabrication and infrastructure stock rose 5 percent to Rs 53.90 on Tuesday\u2019s early trade after the company commissioned a new Zinc Galvanization Plant with an Annual Capacity of 96000 Metric Tons.&nbsp; At 10:40 a.m., Salasar Techno Engineering Ltd shares were trading at Rs 52.50 apiece, up 2.93 percent from the previous close [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"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":[12446,12445,948,936,12447],"class_list":["post-110714","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-salasar-techno-latest-news","tag-salasar-techno-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-salasar-techno-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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