{"id":117200,"date":"2024-01-12T11:53:08","date_gmt":"2024-01-12T06:23:08","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117200"},"modified":"2024-01-12T13:07:03","modified_gmt":"2024-01-12T07:37:03","slug":"stock-jumps-3-after-it-receives-a-work-order-from-tamil-nadu-govt-worth-11-crores","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-3-after-it-receives-a-work-order-from-tamil-nadu-govt-worth-11-crores\/","title":{"rendered":"Stock jumps 3% after it receives a work order from Tamil Nadu Govt worth \u20b9 11 Crores\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1560865292\"><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 engaged in the business of manufacturing and supplying PVC-insulated wires &amp; cables jumped 3 percent in the day\u2019s trade after it bagged a work order worth Rs. 11 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3922783145\"><!-- 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 V-Marc India Limited were trading at Rs. 192, up 2.37 percent from its previous day\u2019s close price of Rs. 187.55 and its market capitalization is Rs. 427 Crores. It has delivered multi-bagger returns of 275 percent in a year.&nbsp;<\/p><p>V-Marc India Limited has received a letter of intent from Tamil Nadu Generation &amp; Distribution Corporation Limited for the supply of 33 KV 3\u00d7400 sq. mm UG XLPE Aluminium Cable for Rs. 11.03 Crores.&nbsp;<\/p><p>V-Marc India Limited is engaged in the business of manufacturing and supplying PVC-insulated wires &amp; cables under the brand name V-Marc.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-780232439\"><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 dealer network is present in 19 states across India with 600+ dealers\/ distributors. Also, the company is an authorized dealer for various distribution companies and it has set up 5 marketing depots. It has an ambitious target of growing its distribution network to 1,00,000 retail touchpoints.&nbsp;<\/p><p>The company\u2019s revenue from operations grew 36.61 percent from Rs. 181.02 Crores in FY22 to Rs. 247.29 Crores in FY23, accompanied by increasing profits of Rs. 4.99 Crore to Rs. 10.45 Crore.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 14 percent and a return on capital employed (ROCE) of 18.5 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><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-1428282423\"><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 engaged in the business of manufacturing and supplying PVC-insulated wires &amp; cables jumped 3 percent in the day\u2019s trade after it bagged a work order worth Rs. 11 Crores.&nbsp; In the day\u2019s trade, the shares of V-Marc India Limited were trading at Rs. 192, up 2.37 percent from its previous day\u2019s close price [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105053,"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-117200","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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