{"id":113122,"date":"2023-11-03T14:02:03","date_gmt":"2023-11-03T08:32:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113122"},"modified":"2023-11-03T14:02:09","modified_gmt":"2023-11-03T08:32:09","slug":"microcap-stock-jumps-8-after-company-along-with-kpi-green-energy-signs-mou-with-uttarakhand-govt","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-8-after-company-along-with-kpi-green-energy-signs-mou-with-uttarakhand-govt\/","title":{"rendered":"Microcap stock jumps 8% after company along with KPI Green energy signs MOU with Uttarakhand Govt.\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3839752383\"><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>Micro-cap stock jumps 8 percent in the day\u2019s trade after it signs a memorandum of understanding (MOU) along with KPI Green Energy with the Government of Uttarakhand for jointly developing a Solar Park in the state of Uttarakhand.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-11809277\"><!-- 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 1:36 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543230\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Advait Infratech Limited<\/a><\/strong> were trading at Rs. 384.90 per share, up 7.60 percent from its previous day close price of Rs. 357.70 and its market capitalization is Rs. 392.60 Crores.\u00a0<\/p><p>As per the company\u2019s filing, Advait Infratech Limited, along with KPI Green Energy Limited has entered into a Memorandum of Understanding (MOU) with the government of Uttarakhand for jointly developing a Solar Park in the state of Uttarakhand.&nbsp;<\/p><p>The solar park is expected to contribute significantly to renewable energy generation and align with the state&#8217;s commitment to sustainable energy practices. The Government of Uttarakhand, has expressed its intent to provide all necessary assistance required for the commencement and successful execution of the solar park project as per the MOU and the MOU is valid for a period of 12 months from the date of signing.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3662246884\"><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 revenue grew 30.5 percent from Rs. 78.66 Crores in FY22 to Rs. 102.65 Crores in FY23, accompanied by increasing profits of Rs. 5.32 Crores to Rs. 8.12 Crores.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 19.86 percent and a return on capital employed (ROCE) of 27.08 percent, it is making good returns on its equity and capital employed.&nbsp;<\/p><p>Advait Infratech Limited is engaged in the business of providing liasioning marketing products and end to end solutions for power transmission, power substation, and telecommunication infrastructure projects.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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-3121115680\"><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>Micro-cap stock jumps 8 percent in the day\u2019s trade after it signs a memorandum of understanding (MOU) along with KPI Green Energy with the Government of Uttarakhand for jointly developing a Solar Park in the state of Uttarakhand.&nbsp; At 1:36 a.m the shares of Advait Infratech Limited were trading at Rs. 384.90 per share, up [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105377,"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":[10383,10382,948,936,10384],"class_list":["post-113122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-advait-infratech-latest-news","tag-advait-infratech-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-advait-infratech-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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