{"id":120249,"date":"2024-03-05T13:23:30","date_gmt":"2024-03-05T07:53:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120249"},"modified":"2024-03-05T13:23:35","modified_gmt":"2024-03-05T07:53:35","slug":"micro-cap-stock-jumps-up-to-4-after-receiving-an-order-worth-24-cr-for-the-supply-of-sound-boxes","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/micro-cap-stock-jumps-up-to-4-after-receiving-an-order-worth-24-cr-for-the-supply-of-sound-boxes\/","title":{"rendered":"Micro cap stock jumps up to 4% after receiving an order worth \u20b9 24 Cr for the supply of sound boxes"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2416377765\"><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 which is a global IoT design house specializing in wireless technologies jumped upto 4 percent in the day\u2019s trade upon receiving a letter of intent worth Rs. 23.80 Crores for the supply of fintech sound boxes.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1128924878\"><!-- 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 capitalization of Rs. 303 Crores, the shares of CWD Limited were trading at Rs. 840, down 6.67 percent from its previous day\u2019s close price of Rs. 900.&nbsp;<\/p><p>CWD Limited has received a Letter of Intent worth Rs. 23.80 Crores from a Financial Services Company for the supply of Sound Boxes resulting in a revenue surge exceeding 20 crores.&nbsp;<\/p><p>The LOI follows the company\u2019s previous announcement of a 25 crore order for the Sound Box product line&#8217;s design, development, and manufacturing services.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2967928027\"><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>Following the receiving of the LOI Siddhartha Xavier, CSO and Joint MD of CWD Limited said that \u201cProviding quality Made in India products and services targeted towards the upliftment of our people and economy was one of the reasons we entered the fintech sector with our Sound Box product and software solutions.&nbsp;<\/p><p>The forging of this relationship further reaffirms the industry\u2019s sentiment about CWD as an important player in this ecosystem.\u201d&nbsp;<\/p><p>CWD Limited is a global IoT design house specializing in wireless technologies, engaged in designing, developing, manufacturing, and supplying integrated solutions related to software and electronic devices.&nbsp;<\/p><p>Its revenue from operations grew by 51 percent from Rs. 15.02 Crores in FY22 to Rs. 22.72 Crores in FY23, accompanied by profits of Rs. 3.10 Crores to Rs. 2.15 Crores.&nbsp;<\/p><p>Written by: Bharath K.S&nbsp;<\/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-1326057032\"><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-315381162\"><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 which is a global IoT design house specializing in wireless technologies jumped upto 4 percent in the day\u2019s trade upon receiving a letter of intent worth Rs. 23.80 Crores for the supply of fintech sound boxes.&nbsp; With a market capitalization of Rs. 303 Crores, the shares of CWD Limited were trading at Rs. [&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":[31,1789],"tags":[],"class_list":["post-120249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"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>Micro cap stock jumps up to 4% after receiving an order worth \u20b9 24 Cr for the supply of sound boxes - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Micro-Cap Stock which is a global IoT design house specializing in wireless technologies jumped upto 4 percent in the day\u2019s trade upon receiving a letter of intent worth Rs. 23.80 Crores for the supply of fintech sound boxes.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/micro-cap-stock-jumps-up-to-4-after-receiving-an-order-worth-24-cr-for-the-supply-of-sound-boxes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Micro cap stock jumps up to 4% after receiving an order worth \u20b9 24 Cr for the supply of sound boxes\" \/>\n<meta property=\"og:description\" content=\"Micro-Cap Stock which is a global IoT design house specializing in wireless technologies jumped upto 4 percent in the day\u2019s trade upon receiving a letter of intent worth Rs. 23.80 Crores for the supply of fintech sound boxes.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/micro-cap-stock-jumps-up-to-4-after-receiving-an-order-worth-24-cr-for-the-supply-of-sound-boxes\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-05T07:53:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-05T07:53:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-1-Cover-Image-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/micro-cap-stock-jumps-up-to-4-after-receiving-an-order-worth-24-cr-for-the-supply-of-sound-boxes\/\",\"url\":\"https:\/\/tradebrains.in\/features\/micro-cap-stock-jumps-up-to-4-after-receiving-an-order-worth-24-cr-for-the-supply-of-sound-boxes\/\",\"name\":\"Micro cap stock jumps up to 4% after receiving an order worth \u20b9 24 Cr for the supply of sound boxes - 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