{"id":120279,"date":"2024-03-05T16:18:22","date_gmt":"2024-03-05T10:48:22","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120279"},"modified":"2024-03-05T16:18:27","modified_gmt":"2024-03-05T10:48:27","slug":"multibagger-infra-stock-jumps-after-it-secures-multiple-orders-worth-658-57-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-infra-stock-jumps-after-it-secures-multiple-orders-worth-658-57-cr\/","title":{"rendered":"Multibagger infra stock jumps after it secures multiple orders worth \u20b9 658.57 Cr\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-793225256\"><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 infrastructure stock jumped up to 2 percent in Tuesday\u2019s trading session after the company successfully bagged multiple orders worth Rs 658.57 crores. In the last six months, the company\u2019s stock has gained nearly 30 percent for its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2383070506\"><!-- 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 8,193.44 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/POWERMECH\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Power Mech Projects Limited<\/a><\/strong> started their trading session on Tuesday at Rs 5,140.25 and closed the session at Rs 5,183.05. The company\u2019s scrip witnessed an intra-day high of Rs 5,245 indicating a gain of approximately 2 percent compared to the previous close of Rs 5,160.50 apiece.\u00a0<\/p><p>Such bullish stock price movements were observed today after the company, in a recent filing with the Bombay Stock Exchange (BSE), intimated about the receipt of multiple orders totaling Rs 658.57 crores.&nbsp;<\/p><p>Firstly, the company received an order worth Rs 541.62 crores from the \u201cMadhya Pradesh Water Resources Department\u201d, Government of Madhya Pradesh to construct the \u2018Upper Burhner Project Dam\u2019 and \u2018Pressurised Pipe Irrigation Network\u2019. The time period for execution of the same is 60 months.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-196961213\"><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>Secondly, the company received an order pertaining to a Boiler and ESP Package for Overhaul including spares of \u201cAkrimota Thermal Power Station\u201d of Gujarat Mineral Development Corporation worth Rs 116.95 crores. The time period for execution of the same is 11 months.&nbsp;<\/p><p>During the recent financial quarters, the company\u2019s basic business indicators including the operating revenues as well as the bottom-line figures were on the rise with the former increasing from Rs 932 crores during Q2FY24 to Rs 1,108 crores during Q3FY24 and the latter, during the same period, took an upward shift from Rs 51 crores to Rs 62 crores.&nbsp;<\/p><p>Keeping a purview of the last one year, the company\u2019s stock has successfully delivered multibagger returns of approximately 115 percent, i.e., if someone had invested Rs 1 lakh into the company\u2019s stock a year ago, it would have converted to Rs 2.15 lakhs.&nbsp;<\/p><p>As per the recent presentations, the company\u2019s total order book value stands at Rs xx crores. In addition, the company\u2019s total revenue mix, during the December 2023 quarter, shows a majority of contribution from the \u2018civil works\u2019 segment, followed by other segments including \u2018Operations and Maintenance\u2019 (O&amp;M), erection segment, and many more.<\/p><p>Power Mech Projects Limited is an engineering and construction company based in India that operates in the business segment of construction and maintenance activities. Operating within as well as outside India, the company provides services such as testing, erection, and commissioning of boilers, generators, turbines, and balance of plant works, civil works, etc.&nbsp;<\/p><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-4262409531\"><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><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-2803133110\"><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 infrastructure stock jumped up to 2 percent in Tuesday\u2019s trading session after the company successfully bagged multiple orders worth Rs 658.57 crores. In the last six months, the company\u2019s stock has gained nearly 30 percent for its stakeholders.&nbsp; With a market capitalization of Rs 8,193.44 crores, the stocks of Power Mech [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":117840,"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":[10378,10380,10377,948,936],"class_list":["post-120279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-power-mech-projects-latest-news","tag-power-mech-projects-latest-orders","tag-power-mech-projects-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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger infra stock jumps after it secures multiple orders worth \u20b9 658.57 Cr\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this multibagger infrastructure stock jumped up to 2 percent in Tuesday\u2019s trading session after the company successfully bagged multiple orders worth Rs 658.57 crores. 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