{"id":119580,"date":"2024-02-22T13:40:57","date_gmt":"2024-02-22T08:10:57","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119580"},"modified":"2024-02-22T15:54:22","modified_gmt":"2024-02-22T10:24:22","slug":"it-stock-jumps-5-after-receiving-service-order-from-fugro-usa-land-inc","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-5-after-receiving-service-order-from-fugro-usa-land-inc\/","title":{"rendered":"IT stock jumps 5% after receiving service order from Fugro USA Land Inc.\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3960321635\"><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>Share price of this IT stock hit a new 52-week high at Rs. 604.70 on Thursday, after the company received a service order. At 12:40 p.m. the stock was trading in the green at Rs. 593.80, up by nearly 5.01%.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-483268820\"><!-- 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 cap of Rs. 910.3 crore, the shares of Ceinsys Tech Ltd. opened at Rs. 595.45 on February 22nd, compared to its previous closing price of Rs. 565.45.&nbsp;<\/p><p>The company has delivered positive returns of nearly 196.6 percent in the last six months, and over 335.3 percent in the last one year. So far in 2024, it has given positive returns of around 51.97 percent.&nbsp;<\/p><p>According to the recent filings on the BSE, Ceinsys Tech received a service order from Fugro USA Land Inc.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4164852227\"><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 order received is for the extraction of all assets for 15,581 miles of the New Mexico 2023\/2024 Lidar project, amounting to around Rs. 5.26 crore, with a time frame of March 2024 to November 2024.&nbsp;<\/p><p>In terms of financials, the revenue from operations of the company grew by 8.62 percent QoQ from Rs. 58 crore in Q2 FY23-24 to Rs. 63 crore in Q3 FY23-24.&nbsp;<\/p><p>Further, the company also witnessed an increase in net profit on a quarter-on-quarter basis by nearly 100 percent to Rs. 10 crore in Q3 FY23-24 from Rs. 5 crore in Q2 FY22-23.&nbsp;<\/p><p>Incorporated in 1998, Ceinsys Tech Limited is a part of the large conglomerate \u2013 Meghe Group and offers solutions in the Geospatial, Enterprise &amp; Engineering and mobility services in the ITES space.&nbsp;<\/p><p><strong>Written by Shivani Singh&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-content-10\" id=\"trade-420252863\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-236783517\"><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>Share price of this IT stock hit a new 52-week high at Rs. 604.70 on Thursday, after the company received a service order. At 12:40 p.m. the stock was trading in the green at Rs. 593.80, up by nearly 5.01%.&nbsp; With a market cap of Rs. 910.3 crore, the shares of Ceinsys Tech Ltd. opened [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111983,"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-119580","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>IT stock jumps 5% after receiving service order from Fugro USA Land Inc.\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Share price of this IT stock hit a new 52-week high at Rs. 604.70 on Thursday, after the company received a service order. 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