{"id":120267,"date":"2024-03-05T15:01:31","date_gmt":"2024-03-05T09:31:31","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120267"},"modified":"2024-03-05T15:01:36","modified_gmt":"2024-03-05T09:31:36","slug":"stock-under-100-hits-5-upper-circuit-after-emerging-as-a-vendor-for-supply-of-rooftop-solar-plants","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-under-100-hits-5-upper-circuit-after-emerging-as-a-vendor-for-supply-of-rooftop-solar-plants\/","title":{"rendered":"Stock under \u20b9 100 hits 5% upper circuit after emerging as a vendor for supply of rooftop solar plants\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-309144315\"><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 multibagger irrigation stock under Rs 100 hit its 5 percent upper circuit on Tuesday after the company was empaneled as a vendor for supply of \u2018rooftop solar plants\u2019 under the \u201cPM Surya Ghar Yojna\u201d scheme.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1169035547\"><!-- 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 284.79 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/536974\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Captain Polyplast Limited<\/a><\/strong> started their trading session on Tuesday hitting its 5 percent upper circuit recorded at Rs 56.53 apiece and currently trades at the same price. The locked price is also marked as the company\u2019s new 52-week high figure.\u00a0<\/p><p>Such sharp share price movements were witnessed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE), intimated about their empanelment as a vendor for the supply of \u2018rooftop solar plants\u2019 under the \u201cPM Surya Ghar Yojna\u201d scheme.&nbsp;<\/p><p>The growth opportunities for the company\u2019s \u2018solar EPC\u2019 vertical are expected to increase potentially as the Government pushes to cover almost 1 crore households under the abovementioned scheme.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2518616715\"><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>Captain Polyplast Limited is currently emplaned for Gujarat with various distribution companies (Discoms), including Uttar Gujarat Vij Company Limited, Dakshin Gujarat Vij Company Limited, Madhya Gujarat Vij Company Limited, Paschim Gujarat Vij Company Limited, and Torrent Power Limited.&nbsp;<\/p><p>During the recent financial quarters, the company\u2019s prime indicators of business, such as operating revenues as well as after-tax profits, showed a jump in numbers with the former increasing from Rs 70.33 crores during Q2FY24 to Rs 82.60 crores during Q3FY24 and the latter, keeping the timeframe the same, rose from Rs 3.52 crores to Rs 4.63 crores.&nbsp;<\/p><p>Keeping a purview of the last six months, the company\u2019s stock has delivered multibagger returns of nearly 116 percent to its shareholders, i.e., if someone had invested Rs 1 lakh into the company\u2019s stock six months ago, it would have converted to Rs 2.16 lakhs.&nbsp;<\/p><p>Incorporated in 1997, Captain Polyplast Limited is engaged in the business of manufacturing as well as selling micro-irrigation systems and other allied products. Its product portfolio includes irrigation equipment, solar systems, fertilizer polymers, pipes &amp; fittings, etc. The majority of company\u2019s revenue comes from the \u2018Micro Irrigation Systems\u2019 &amp; \u2018Allied Products\u2019 segment.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><\/blockquote><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-2579931409\"><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 multibagger irrigation stock under Rs 100 hit its 5 percent upper circuit on Tuesday after the company was empaneled as a vendor for supply of \u2018rooftop solar plants\u2019 under the \u201cPM Surya Ghar Yojna\u201d scheme.&nbsp; With a market capitalization of Rs 284.79 crores, the stocks of Captain Polyplast Limited started their trading [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":117853,"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":[10934,10933,948,936],"class_list":["post-120267","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-captain-polyplast-latest-news","tag-captain-polyplast-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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