{"id":118949,"date":"2024-02-12T13:54:11","date_gmt":"2024-02-12T08:24:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118949"},"modified":"2024-02-12T14:53:05","modified_gmt":"2024-02-12T09:23:05","slug":"textile-stock-jumps-up-to-4-after-receiving-an-order-of-109-89-cr-from-ministry-of-defence","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-up-to-4-after-receiving-an-order-of-109-89-cr-from-ministry-of-defence\/","title":{"rendered":"Textile stock jumps up to 4% after receiving an order worth \u20b9 109.89 Cr from Ministry of Defence\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-187927310\"><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>Shares of this microcap company jumped up to 4 percent in Monday\u2019s trading session after receiving an order worth Rs.109.89 crores from the Ministry of Defence. In one year, the shares have delivered around 40 percent returns to its shareholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-969465572\"><!-- 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. 223 crores, the shares of Shiva Texyarn Ltd started Monday\u2019s trading session on a higher note at Rs. 175.50 compared to its previous close of Rs. 167.50. During the trading session, the shares hit a high of 175.85, gaining around 4 percent and are currently trading at Rs. 170 apiece.&nbsp;<\/p><p>Such a bullish movement in the share price was observed after the company in an exchange filing announced that they had received an order from the Government of India, Ministry of Defence to supply 15,000 sets of extreme cold weather clothing systems, which will be delivered each year over 5 years worth Rs. Rs.109.89 crores.&nbsp;<\/p><p>Coming onto the company\u2019s financial statement, the revenue decreased by 23 percent from Rs. 98.73 crores during the September quarter to Rs. 76.14 crores in the December quarter. In addition, the net loss of the company broadened from Rs. 2.59 crores to Rs. 7.41 crores during the same period.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-759423796\"><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>Due to increasing expenditure, the profitability metrics of the company declined with the return on equity (RoE) decreasing from a positive 15.04 percent during FY 21-22 to a negative 12.66 percent in FY 22-23, and, the return on capital employed (RoCE) showed a downward movement from a positive 16.52 percent to a negative 1.29 percent during the same timeframe. Furthermore, the net profit margin showcased a transition from a positive 4.19 percent during FY 21-22 to a negative 4.26 percent during FY 22-23.&nbsp;<\/p><p>According to the latest shareholding pattern, the Promoters hold 74.04 percent of stakes, Retail Investors have 25.96 percent of shares and the remaining 0.01 percent of stakes are with the DIIs.&nbsp;<\/p><p>Shiva Texyarn Limited was incorporated in 1980. The company is engaged in the manufacturing of cotton yarn and technical textile products such as coated and laminated fabrics, home textiles, and other value-added products and also engaged in the technical textile business of manufacturing of coating and laminated fabrics which serves the needs of the sectors like healthcare, armed forces, and advertising among others.&nbsp;<\/p><p><strong>Written By Vaibhav Patil&nbsp;<\/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-1218084515\"><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>Shares of this microcap company jumped up to 4 percent in Monday\u2019s trading session after receiving an order worth Rs.109.89 crores from the Ministry of Defence. In one year, the shares have delivered around 40 percent returns to its shareholders.&nbsp; With a market capitalisation of Rs. 223 crores, the shares of Shiva Texyarn Ltd started [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118360,"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-118949","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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Textile stock jumps up to 4% after receiving an order worth \u20b9 109.89 Cr from Ministry of Defence\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this microcap company jumped up to 4 percent in Monday\u2019s trading session after receiving an order worth Rs.109.89 crores from the Ministry of Defence. 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