{"id":116974,"date":"2024-01-09T12:51:28","date_gmt":"2024-01-09T07:21:28","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=116974"},"modified":"2024-01-09T13:51:58","modified_gmt":"2024-01-09T08:21:58","slug":"microcap-stock-jumps-5-after-expanding-its-operations-in-andheri-east","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-5-after-expanding-its-operations-in-andheri-east\/","title":{"rendered":"Microcap stock jumps 5% after expanding its operations\u00a0in Andheri East"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3896129105\"><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 engaged in the business of providing space-as-a-service jumped 5 percent from the day\u2019s low after it announced the expansion of its operations that will constantly generate revenue as follows.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1576689524\"><!-- 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 10:30 a.m the shares of Kontor Space Limited were trading at Rs. 92.40 and its market capitalization is Rs. 55 Crores.&nbsp;<\/p><p>Kontor Space Limited has executed a Letter of Intent (LOI) for opening a new Coworking Center at MIDC, Andheri East. This Co-working space will be spread over approximately 25,000 sq. Ft of an area with a Capacity of 500 seats.&nbsp;<\/p><p>The new co-working space will become operative from the Second Quarter of the Financial Year 2024-25 which will consequently boost the revenue of the Company by approximately Rs. 3.5 Crores in the said financial year and will be generating a revenue of approximately Rs. 6 Crores onwards from the Financial year 2025-26.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1419832722\"><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>Kontor Space Limited is primarily engaged in the business of providing space-as-a-service by renting and managing commercial spaces.&nbsp;<\/p><p>The company\u2019s revenue from operations grew 128.68 percent from Rs. 4.01 Crore in FY22 to Rs. 9.17 Crore in FY23, accompanied by increasing profits of Rs. 30 Lakhs to Rs. 1.88 Crore.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 69.59 percent and a return on capital employed (ROCE) of 48.43 percent, it is making good returns on its equity and capital employed.&nbsp;<\/p><p><strong>Written by: Bharath K.S<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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-1291918313\"><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 engaged in the business of providing space-as-a-service jumped 5 percent from the day\u2019s low after it announced the expansion of its operations that will constantly generate revenue as follows.&nbsp; At 10:30 a.m the shares of Kontor Space Limited were trading at Rs. 92.40 and its market capitalization is Rs. 55 Crores.&nbsp; Kontor Space [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"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":[31,13525],"tags":[],"class_list":["post-116974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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