{"id":111218,"date":"2023-10-05T13:45:16","date_gmt":"2023-10-05T08:15:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111218"},"modified":"2023-10-05T13:45:21","modified_gmt":"2023-10-05T08:15:21","slug":"multibagger-stock-jumps-8-after-company-bags-an-order-worth-43-76-cr-from-the-ministry-of-defence","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-jumps-8-after-company-bags-an-order-worth-43-76-cr-from-the-ministry-of-defence\/","title":{"rendered":"Multibagger stock jumps 8% after company bags an order worth \u20b9 43.76 Cr from the Ministry of Defence"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1092837429\"><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 micro-cap stock gains more than 8% after receiving an order from the Ministry of Defence. The stock is trading 11% away from the 52-wee high and 16.7% and 57% above the 50-day and 200-day moving averages, respectively.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1802574003\"><!-- 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><h4 class=\"wp-block-heading\" id=\"h-krishna-defence-and-allied-industries-ltd\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KRISHNADEF\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Krishna Defence and Allied Industries Ltd<\/a><\/strong><\/h4><p>Krishna Defence and Allied Industries Ltd has a market capitalisation of Rs. 336 Cr making it a micro-cap company. On Thursday the stock rose over 8%, at 12:30 p.m., shares were trading 6.5% up at Rs. 293 on NSE.<\/p><p>According to the company filing, Krishna Defence and Allied Industries Ltd received an order for a supply of special steel products to be used for Naval Applications, worth Rs. 43.76 Cr from the Ministry of Defence.\u00a0The order will be implemented in 24 months.<\/p><p>The stock has delivered 215% returns in one year, therefore making an investment of 1 lakh one year ago now would be worth Rs. 3.15 lakhs.<\/p><div class=\"trade-content_5\" id=\"trade-1955669131\"><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>The company\u2019s total revenue increased by % from Rs. Cr in FY22 to Rs. Cr in FY23 and net profit grew by % from Rs. Cr in FY22 to Rs. Cr FY23.<\/p><p>As per the latest shareholding information, promoters hold 73.38% and pubic hold 26.52% stake in the company.<\/p><p>Krishna Defence and Allied Industries Ltd. is a company that manufactures defence application items, dairy equipment products, and kitchen equipment. Under defence application, it offers a wide range of high-performance products for novel applications and other utilities.<\/p><p><strong>Written by Sheshadri N<\/strong><\/p><h4 class=\"wp-block-heading\"><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-1116544770\"><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 micro-cap stock gains more than 8% after receiving an order from the Ministry of Defence. The stock is trading 11% away from the 52-wee high and 16.7% and 57% above the 50-day and 200-day moving averages, respectively. Krishna Defence and Allied Industries Ltd Krishna Defence and Allied Industries Ltd has a market capitalisation of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104324,"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":[1514,1789],"tags":[12837,12838,948,936],"class_list":["post-111218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-alert","category-trending-news","tag-krishna-defence-and-allied-industries-latest-news","tag-krishna-defence-and-allied-industries-latest-order","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>Multibagger stock jumps 8% after company bags an order worth \u20b9 43.76 Cr from the Ministry of Defence - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This micro-cap stock gains more than 8% after receiving an order from the Ministry of Defence. 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