{"id":114771,"date":"2023-12-01T16:52:13","date_gmt":"2023-12-01T11:22:13","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114771"},"modified":"2023-12-01T16:52:18","modified_gmt":"2023-12-01T11:22:18","slug":"penny-stock-hits-10-upper-circuit-after-receiving-an-order-worth-61-40-cr-from-jk-power-transportation","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-receiving-an-order-worth-61-40-cr-from-jk-power-transportation\/","title":{"rendered":"Penny stock hits 10% upper circuit after receiving an order worth \u20b9 61.40 Cr\u00a0from J&#038;K Power Transportation"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-317496874\"><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>The shares of this micro-cap company clocked 10 percent upper circuit after receiving an order worth Rs. 61.40 crores from J&amp;K Power Transportation Limited.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1923504725\"><!-- 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>With a market capitalisation of Rs. 29 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/540786\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sharika Enterprises Ltd<\/a><\/strong> started Friday\u2019s trading session positively at Rs. 6.24 compared to its previous close of Rs. 6.10. The share hit an intraday high of Rs. 6.71 locking a 10 percent upper circuit.\u00a0<\/p><p>Such a bullish movement was observed after the company in an exchange filing mentioned that they had won a tender for 132\/33kV GIS Substation Project, elevating Z-Morh Tunnel connectivity from J&amp;K Power Transportation Limited worth Rs. 61.40 crores.&nbsp;<\/p><p>For this, the company will lead the comprehensive effort, encompassing design, manufacturing, supply, erection, testing and commissioning of a state-of-the-art 2 x 10 MVA, 132\/33 kV Gas Insulated Substation at Sumbal, District Ganderbal. Furthermore, the order is to be executed within six months from the issuance of the LOA.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1460774366\"><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>Coming onto the financial statement, the company\u2019s revenue decreased by 41 percent from Rs. 13.05 crores in the June quarter to Rs. 11.57 crores during the September quarter. The company has not been able to report a consistent net profit during the previous quarters. During Q2 FY24, the company reported a net loss of Rs.1.89 crores.&nbsp;<\/p><p>According to the latest shareholding pattern, the Promoters have a 55.16 percent stake, and the remaining 44.84 percent are with the Retail Investors.&nbsp;<\/p><p>Incorporated in 1998, Sharika Enterprises Ltd is in the business of Management Consultancy and project Execution Services in the Power sector.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/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-848285433\"><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>The shares of this micro-cap company clocked 10 percent upper circuit after receiving an order worth Rs. 61.40 crores from J&amp;K Power Transportation Limited.&nbsp; With a market capitalisation of Rs. 29 crores, the shares of Sharika Enterprises Ltd started Friday\u2019s trading session positively at Rs. 6.24 compared to its previous close of Rs. 6.10. The [&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":[14846,14847,14845,948,936],"class_list":["post-114771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sharika-enterprises-latest-news","tag-sharika-enterprises-latest-order","tag-sharika-enterprises-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 10% upper circuit after receiving an order worth \u20b9 61.40 Cr\u00a0from J&amp;K Power Transportation - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this micro-cap company clocked 10 percent upper circuit after receiving an order worth Rs. 61.40 crores from J&amp;K Power Transportation Limited.\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-10-upper-circuit-after-receiving-an-order-worth-61-40-cr-from-jk-power-transportation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock hits 10% upper circuit after receiving an order worth \u20b9 61.40 Cr\u00a0from J&amp;K Power Transportation\" \/>\n<meta property=\"og:description\" content=\"The shares of this micro-cap company clocked 10 percent upper circuit after receiving an order worth Rs. 61.40 crores from J&amp;K Power Transportation Limited.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-receiving-an-order-worth-61-40-cr-from-jk-power-transportation\/\" \/>\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=\"2023-12-01T11:22:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-01T11:22:18+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\/penny-stock-hits-10-upper-circuit-after-receiving-an-order-worth-61-40-cr-from-jk-power-transportation\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-receiving-an-order-worth-61-40-cr-from-jk-power-transportation\/\",\"name\":\"Penny stock hits 10% upper circuit after receiving an order worth \u20b9 61.40 Cr\u00a0from J&K Power Transportation - 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