{"id":112179,"date":"2023-10-18T16:34:30","date_gmt":"2023-10-18T11:04:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112179"},"modified":"2023-10-18T17:20:34","modified_gmt":"2023-10-18T11:50:34","slug":"smallcap-stock-jumps-up-to-4-after-bagging-%e2%82%b9-347-cr-order-from-power-grid-corporation-of-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-4-after-bagging-%e2%82%b9-347-cr-order-from-power-grid-corporation-of-india\/","title":{"rendered":"Smallcap stock jumps up to 4% after bagging \u20b9 347 Cr order from Power Grid Corporation of India"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3340983163\"><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 Bajaj Group stock has a market cap of Rs. 12,805 crore and rose over 4% within the first hour of markets open with volumes that are over 6x previous session\u2019s and monthly average volumes. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3578549505\"><!-- 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>The stock gained after announcing receipt of service contract by Power Grid Corporation of India Limited, aggregating to Rs. 347.29 crore. The stock trades 16% away from its 52 week high and has a high FII holding of 11% and DII holding of 12%.\u00a0<\/p><p>In a filing dated 17th October 2023, Bajaj Electricals Ltd (\u201cBajaj Electricals\u201d) informed of being awarded a service contract by Power Grid Corporation of India Limited, aggregating to Rs. 347.29 crore. <\/p><p>The order entails transmission line package TL01 for Bhadia-3 Sikar-II 765 KV DC line (part I) stretching 109 km associated with the transmission system for evacuation of power from REZ in Rajasthan (20 GW) under phase III part B1\u00a0 through tariff based competitive bidding route. The above project will be completed in 15 months.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3716093606\"><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>Earlier this month, the company was awarded a service contract by Power Grid Corporation of India Limited, aggregating to Rs. 97.65 crore. This project entails 765 kV extension works at 2 locations of Bhadia II and Sikar III in Rajasthan. <\/p><p>This project will also be completed in 15 months. Both the projects mentioned above do not fall under related party transactions with promoters having no vested interest in either of the parties.\u00a0<\/p><p>Bajaj Electricals Ltd. produces a variety of electric fans, lighting products like lamps, torches, tubes, and a wide range of luminaries, as well as engineering and construction projects. In FY23, revenue grew 14% YoY to Rs. 5417 crore. Net profits during the same period grew 50% YoY to Rs. 231 crore indicating a 100 bps expansion in bottom line margin.&nbsp;<\/p><p><strong>Written by Sandeep R<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3090956946\"><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 Bajaj Group stock has a market cap of Rs. 12,805 crore and rose over 4% within the first hour of markets open with volumes that are over 6x previous session\u2019s and monthly average volumes. The stock gained after announcing receipt of service contract by Power Grid Corporation of India Limited, aggregating to Rs. 347.29 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12638,"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":[4865,31],"tags":[],"class_list":["post-112179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-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>Smallcap stock jumps up to 4% after bagging \u20b9 347 Cr order from Power Grid Corporation of India - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This Bajaj Group stock has a market cap of Rs. 12,805 crore and rose over 4% within the first hour of markets open with volumes that are over 6x previous session\u2019s and monthly average volumes.\" \/>\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\/smallcap-stock-jumps-up-to-4-after-bagging-\u20b9-347-cr-order-from-power-grid-corporation-of-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock jumps up to 4% after bagging \u20b9 347 Cr order from Power Grid Corporation of India\" \/>\n<meta property=\"og:description\" content=\"This Bajaj Group stock has a market cap of Rs. 12,805 crore and rose over 4% within the first hour of markets open with volumes that are over 6x previous session\u2019s and monthly average volumes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-4-after-bagging-\u20b9-347-cr-order-from-power-grid-corporation-of-india\/\" \/>\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=\"2023-10-18T11:04:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-18T11:50:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/power-consumption.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\/smallcap-stock-jumps-up-to-4-after-bagging-%e2%82%b9-347-cr-order-from-power-grid-corporation-of-india\/\",\"url\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-4-after-bagging-%e2%82%b9-347-cr-order-from-power-grid-corporation-of-india\/\",\"name\":\"Smallcap stock jumps up to 4% after bagging \u20b9 347 Cr order from Power Grid Corporation of India - 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