{"id":113639,"date":"2023-11-13T15:55:27","date_gmt":"2023-11-13T10:25:27","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113639"},"modified":"2023-11-13T15:56:44","modified_gmt":"2023-11-13T10:26:44","slug":"penny-stock-hits-5-upper-circuit-following-strong-q2-results-revenue-increases-by-945","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-5-upper-circuit-following-strong-q2-results-revenue-increases-by-945\/","title":{"rendered":"Penny stock hits 5% upper circuit following strong Q2 results; Revenue increases by 945%\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4063270724\"><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>Penny stock that provides contracting services hits 5 percent upper circuit in the day\u2019s trade after it declared it quarter ended September (Q2FY24) results with 945 percent YoY jump in Revenue and jump in Net Profit by 368 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1874048809\"><!-- 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>In the day\u2019s trade the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/522289\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">NMS Resources Global Limited<\/a><\/strong> hit 5 percent upper circuit at Rs. 59.09 and its market capitalization is Rs. 18 Crores.\u00a0<\/p><p>NMS Global services has reported a 945 percent YoY jump in Revenue from operations from Rs. 43.44 Lakhs in Q2FY23 to Rs. 453.99 Lakh\u2019s in Q2FY24 and it grew 28 percent QoQ from Rs. 355.08 Lakh\u2019s in Q1FY24 to Rs. 453.99 Lakh\u2019s in Q2FY24.&nbsp;<\/p><p>Its Net profit grew 368 percent from Rs. 6.74 Lakh in Q2FY23 to Rs. 31.52 Lakh in Q2FY24 and it grew 462 percent QoQ from Rs. 5.60 Lakh in Q1FY24 to Rs. 31.52 Lakh in Q2FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3976175204\"><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>It has delivered multibagger returns of 215 percent in a year. A shareholders investment of Rs. 1 lakh in the company would be worth Rs. 3.15 lakh in a year.&nbsp;<\/p><p>The company\u2019s revenue grew 139.42 percent from Rs. 2.74 Crore in FY22 to Rs. 6.56 Crore in FY23, accompanied by increasing profits of Rs. 0.02 Crore to Rs. 0.28 Crore.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 22.56 percent and a return on capital employed (ROCE) of 4.91 percent, it is making good returns on its equity and decent returns on its capital employed.&nbsp;<\/p><p>NMS Resources Global Limited is engaged in providing contracting services like Civil Construction, Pre-Engineered Buildings, Skill Development, Financial Consultancy and Engineering Services. Company also provides exclusive supplies and a marketing team for telecom provider companies.&nbsp;<\/p><p>Note: Due to the illiquidity in penny stocks, the stock can hit its assigned circuit levels with just a minor increase in volume of trades. Even if the stock prices are within the usual buying range for the investors and offer enormous potential profits, penny stocks are quite dangerous for retail investors.&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-content-10\" id=\"trade-3812014126\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-1295745162\"><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>Penny stock that provides contracting services hits 5 percent upper circuit in the day\u2019s trade after it declared it quarter ended September (Q2FY24) results with 945 percent YoY jump in Revenue and jump in Net Profit by 368 percent.&nbsp; In the day\u2019s trade the shares of NMS Resources Global Limited hit 5 percent upper circuit [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[14337,14338,14336,948,936],"class_list":["post-113639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-nms-resources-latest-news","tag-nms-resources-results","tag-nms-resources-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>Penny stock hits 5% upper circuit following strong Q2 results; Revenue increases by 945%\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Penny stock that provides contracting services hits 5 percent upper circuit in the day\u2019s trade after it declared it quarter ended September (Q2FY24) results with 945 percent YoY jump in Revenue and jump in Net Profit by 368 percent.\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\/penny-stock-hits-5-upper-circuit-following-strong-q2-results-revenue-increases-by-945\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock hits 5% upper circuit following strong Q2 results; 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