{"id":120337,"date":"2024-03-06T14:24:19","date_gmt":"2024-03-06T08:54:19","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=120337"},"modified":"2024-03-06T14:24:24","modified_gmt":"2024-03-06T08:54:24","slug":"penny-stock-jumps-after-securing-an-order-worth-7-37-cr-gujarat-energy-transmission-corporation","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-after-securing-an-order-worth-7-37-cr-gujarat-energy-transmission-corporation\/","title":{"rendered":"Penny stock jumps after securing an order worth \u20b9 7.37 Cr from Gujarat Energy Transmission Corp."},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3189710891\"><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 penny stock jumped up to 2.20 percent in Wednesday\u2019s trading session after the company\u2019s segment successfully secured an order worth Rs 7.37 crores. In the last six months, the company\u2019s stock gained approximately 25 percent for its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1255718012\"><!-- 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 97.16 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/504076\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Jyoti Limited<\/a><\/strong> opened their trading session on Wednesday at Rs 58.99 and currently trade at Rs 56.80. The company\u2019s scrip witnessed an intra-day high of Rs 58.99 indicating a jump of approximately 2.20 percent as compared to the previous close of Rs 57.75 apiece.\u00a0<\/p><p>Such bullish share price movements were observed today after the company intimated about the receipt of an order worth Rs 7.37 crores (excluding GST) under the \u201cSwitchgear\u201d Division.&nbsp;<\/p><p>The abovementioned order is received from \u2018Gujarat Energy Transmission Corporation Limited\u2019 (GETCO) in Vadodara on a variable price basis for the supply of 11 KV VCB Panels under a \u2018buyback\u2019 scheme. The delivery date for the same is fixed as 25th July 2024.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1436735101\"><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>Some of the significant terms of the order include a guarantee of 18 Months from the date of supply or 12 Months from the date of commissioning whichever is earlier.&nbsp;<\/p><p>During the recent financial quarters, the company\u2019s prime business indicators, including operating revenues as well as net profits, showed positive movements with the former jumping from Rs 40.39 crores during Q2FY24 to Rs 41.76 crores during Q3FY24 and the latter, during the same time horizon, shifted up drastically from Rs 59 lakhs to Rs 1.22 crores.&nbsp;<\/p><p>Keeping a purview of the last one year, the company\u2019s stock delivered multibagger returns of nearly 240 percent to its shareholders, i.e., if someone invested Rs 1 lakh into the company\u2019s stock a year ago, it would have converted to Rs 3.40 lakhs.&nbsp;<\/p><p>Jyoti Limited is engaged in the business of manufacturing generators switchgear, electric motors, and relays. The company offers engineered pumps and hydel products comprising turbines, hydro generators, and inlet valves. It serves power, agriculture, water supply and sewerage, naval and marine, steel, cement, as well as public sector undertakings.<\/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-3117109810\"><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 penny stock jumped up to 2.20 percent in Wednesday\u2019s trading session after the company\u2019s segment successfully secured an order worth Rs 7.37 crores. In the last six months, the company\u2019s stock gained approximately 25 percent for its stakeholders.&nbsp; With a market capitalization of Rs 97.16 crores, the stocks of Jyoti Limited [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[17039,17038,948,936],"class_list":["post-120337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-jyoti-latest-news","tag-jyoti-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>Penny stock jumps after securing an order worth \u20b9 7.37 Cr from Gujarat Energy Transmission Corp. - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this multibagger penny stock jumped up to 2.20 percent in Wednesday\u2019s trading session after the company\u2019s segment successfully secured an order worth Rs 7.37 crores. 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