{"id":115902,"date":"2023-12-20T13:23:18","date_gmt":"2023-12-20T07:53:18","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115902"},"modified":"2023-12-20T13:23:22","modified_gmt":"2023-12-20T07:53:22","slug":"small-cap-stock-jumps-6-after-it-receives-work-order-worth-166-cr-from-independent-power-producers","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-6-after-it-receives-work-order-worth-166-cr-from-independent-power-producers\/","title":{"rendered":"Small cap stock jumps 6% after it receives work order worth \u20b9 166 Cr from Independent Power Producers"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1576235536\"><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>Multibagger Stock which is the largest crane-hiring company in India and ranked 5th in the world, jumped 6 percent in the day\u2019s trade after it received work orders worth Rs. 166 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-803088950\"><!-- 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 11:58 a.m the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SANGHVIMOV\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sanghvi Movers Limited<\/a><\/strong> were trading at Rs. 843.50, up 4 percent from its previous day\u2019s close price of Rs. 810.60 and its market capitalization is Rs. 3656 Crores. It has delivered multi-bagger returns of 162 percent in a year.\u00a0<\/p><p>Sanghvi Movers Limited has received a work order worth Rs. 166 Crores from one of the prominent Independent Power Producers (IPP) in the renewable energy sector, for providing Cranes, WTG Inter-carting, Installation &amp; pre-commissioning and making Wind Turbine generators (WTG) Foundations with geotechnical analysis.&nbsp;<\/p><p>The Crane rental services account for approximately 33 percent of the total contract value and the balance accounts for the activities above under wind EPC services as mentioned above.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3985249422\"><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 total order value translates to 300 MW of new capacity addition by its esteemed customer. This is the largest single order it has received from a single customer in the Wind EPC segment. The total duration of the contract is 24 months starting from January 2024 to January 2026.&nbsp;<\/p><p>The company\u2019s revenue from operations grew 36.11 percent from Rs. 335 Crores in FY22 to Rs. 456 Crores in FY23, accompanied by increasing profits of Rs. 29 Crores to Rs. 112 Crores.&nbsp;<\/p><p>Sanghvi Movers Limited is engaged in the business of providing hydraulic and crawler cranes to various industries in the infrastructure sector, it has a fleet of 404 medium to large-size hydraulic truck-mounted telescopic and lattice boom cranes and crawler cranes with lifting capacity ranging from 20 tons to 800 tons.&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-1365678802\"><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>Multibagger Stock which is the largest crane-hiring company in India and ranked 5th in the world, jumped 6 percent in the day\u2019s trade after it received work orders worth Rs. 166 Crores.&nbsp; At 11:58 a.m the shares of Sanghvi Movers Limited were trading at Rs. 843.50, up 4 percent from its previous day\u2019s close price [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39610,"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":[15286,15287,15285,948,936],"class_list":["post-115902","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sanghvi-movers-latest-news","tag-sanghvi-movers-new-order","tag-sanghvi-movers-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) - 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