{"id":112482,"date":"2023-10-23T11:18:54","date_gmt":"2023-10-23T05:48:54","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112482"},"modified":"2023-10-23T11:19:00","modified_gmt":"2023-10-23T05:49:00","slug":"it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/","title":{"rendered":"IT stock hits 20% upper circuit after receiving an order worth \u20b9 248 Cr from Maharashtra Govt.\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2286156641\"><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>Shares of this microcap software company jumped 20 percent today after the company announced they got an order from the Maharashtra government worth Rs. 248 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2979790240\"><!-- 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 10:47, 23th October shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/538734\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ceinsys Tech Ltd<\/a><\/strong> were trading at Rs. 313.55 per share, up by 20 percent from previous closing price of Rs. 261.30.\u00a0<\/p><p>Such bullish stock price movement were observed after the company on 22 October announced through a regulatory filing on Bombay stock exchange (BSE) that they have secured work allocation order from government of Maharashtra for IoT Deployment including Design, Implementation &amp; Maintenance with Centralised IoT Platform for Jal Jeevan Mission Projects in State of Maharashtra.&nbsp;<\/p><p>The order is worth 248.39 crores and the time period for this project is 2 years for implementation and 5 years for operations and maintenance.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1850833312\"><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>Looking at the financials of the company, revenue increased by 31.2 percent to Rs. 53.82 crores in Q1FY24 from Rs. Rs. 41.01 crores in Q1FY23, in the same time period company\u2019s net profit increased by 63.15 percent to Rs. 8.37 crores from Rs. 5.13 crores.&nbsp;<\/p><p>Moving onto the profitability ratios, the company reported return on equity (ROE) of 17.59 percent and return on capital employed (ROCE) of 16.23 percent in the last financial year.&nbsp;<\/p><p>Ceinsys Tech Limited is a technology-centric company focused on providing solutions in the domains of Geospatial, Enterprise &amp; Engineering, and mobility services to a diverse international client base.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Vinit Israni&nbsp;<\/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-2885247995\"><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>Shares of this microcap software company jumped 20 percent today after the company announced they got an order from the Maharashtra government worth Rs. 248 crores.&nbsp; At 10:47, 23th October shares of Ceinsys Tech Ltd were trading at Rs. 313.55 per share, up by 20 percent from previous closing price of Rs. 261.30.\u00a0 Such bullish [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13573,"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":[13591,13592,13590,948,936],"class_list":["post-112482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ceinsys-tech-latest-news","tag-ceinsys-tech-latest-order","tag-ceinsys-tech-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>IT stock hits 20% upper circuit after receiving an order worth \u20b9 248 Cr from Maharashtra Govt.\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this microcap software company jumped 20 percent today after the company announced they got an order from the Maharashtra government worth Rs. 248 crores.\u00a0\" \/>\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\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IT stock hits 20% upper circuit after receiving an order worth \u20b9 248 Cr from Maharashtra Govt.\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of this microcap software company jumped 20 percent today after the company announced they got an order from the Maharashtra government worth Rs. 248 crores.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/\" \/>\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=\"2023-10-23T05:48:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-23T05:49:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-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\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/\",\"url\":\"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/\",\"name\":\"IT stock hits 20% upper circuit after receiving an order worth \u20b9 248 Cr from Maharashtra Govt.\u00a0 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg\",\"datePublished\":\"2023-10-23T05:48:54+00:00\",\"dateModified\":\"2023-10-23T05:49:00+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Shares of this microcap software company jumped 20 percent today after the company announced they got an order from the Maharashtra government worth Rs. 248 crores.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg\",\"width\":1280,\"height\":854,\"caption\":\"nifty Sensex\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IT stock hits 20% upper circuit after receiving an order worth \u20b9 248 Cr from Maharashtra Govt.\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"IT stock hits 20% upper circuit after receiving an order worth \u20b9 248 Cr from Maharashtra Govt.\u00a0 - Trade Brains Features","description":"Shares of this microcap software company jumped 20 percent today after the company announced they got an order from the Maharashtra government worth Rs. 248 crores.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/","og_locale":"en_US","og_type":"article","og_title":"IT stock hits 20% upper circuit after receiving an order worth \u20b9 248 Cr from Maharashtra Govt.\u00a0","og_description":"Shares of this microcap software company jumped 20 percent today after the company announced they got an order from the Maharashtra government worth Rs. 248 crores.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-10-23T05:48:54+00:00","article_modified_time":"2023-10-23T05:49:00+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/","url":"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/","name":"IT stock hits 20% upper circuit after receiving an order worth \u20b9 248 Cr from Maharashtra Govt.\u00a0 - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg","datePublished":"2023-10-23T05:48:54+00:00","dateModified":"2023-10-23T05:49:00+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"Shares of this microcap software company jumped 20 percent today after the company announced they got an order from the Maharashtra government worth Rs. 248 crores.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-Cover-Image-.jpg","width":1280,"height":854,"caption":"nifty Sensex"},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/it-stock-hits-20-upper-circuit-after-receiving-an-order-worth-248-cr-from-maharashtra-govt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"IT stock hits 20% upper circuit after receiving an order worth \u20b9 248 Cr from Maharashtra Govt.\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/112482","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=112482"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/112482\/revisions"}],"predecessor-version":[{"id":112483,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/112482\/revisions\/112483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/13573"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=112482"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=112482"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=112482"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}