{"id":121237,"date":"2024-03-22T13:18:24","date_gmt":"2024-03-22T07:48:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121237"},"modified":"2024-03-22T14:02:31","modified_gmt":"2024-03-22T08:32:31","slug":"stock-jumps-after-company-secures-work-orders-worth-11-14-cr-from-m-visvesvaraya-industrial-research-and-dev","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-after-company-secures-work-orders-worth-11-14-cr-from-m-visvesvaraya-industrial-research-and-dev\/","title":{"rendered":"Stock jumps after company secures work orders worth \u20b9 11.14 Cr\u00a0from M. Visvesvaraya Industrial Research and Dev."},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-966742949\"><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 multibagger stock jumped by 2% on BSE to Rs. 825.4 in the trading session of March 22nd, compared to its previous close of Rs. 809.25, after the company announced securing a work order worth Rs. 11.14 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2897208298\"><!-- 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 capitalisation of Rs. 1,394 crores, in the last one year, Last Mile Enterprises Limited has delivered multibagger returns of about 799.6 percent and nearly 311.6 percent in the last six months. So far in 2024, it has given multibagger returns of around 157.6 percent.\u00a0<\/p><p>According to recent regulatory filings with the BSE, Last Mile Enterprises Limited received work orders for a total of ~Rs. 11.14 crore from M. Visvesvaraya Industrial Research And Development Centre.&nbsp;<\/p><p>The work orders received by the company are for the application of Heat Resistant paint and other features coating \u2018Sunbless\u2019 to the external surface of the Arcade Building and Center-1 Building, World Trade Center, Mumbai, valued at ~Rs. 3.68 crore and ~Rs. 7.45 crore, respectively.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-290910109\"><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 has to be executed within 12 months from the receipt of the work order or completion of civil repairs work, whichever is later.&nbsp;<\/p><p>In terms of financials, the company\u2019s revenue from operations in FY22-23 is Rs. 50 crore, accompanied by a net profit of Rs. 4.58 crore in FY22-23.&nbsp;<\/p><p>The FIIs increased their holding by 0.68 percent from 0.33 percent in Q2 FY23-24 to 1.01 percent in Q3 FY23-24, whereas, the Promoter\u2019s holding remains unchanged at 60.77 percent since Q2 FY23-24.&nbsp;<\/p><p>Last Mile Enterprises Limited, formerly known as Trans Financial Resources Limited, is engaged in the business of construction and engineering business activity.&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-4187488409\"><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-2675802446\"><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 multibagger stock jumped by 2% on BSE to Rs. 825.4 in the trading session of March 22nd, compared to its previous close of Rs. 809.25, after the company announced securing a work order worth Rs. 11.14 crore.&nbsp; With a market capitalisation of Rs. 1,394 crores, in the last one year, Last [&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":[31,13525],"tags":[],"class_list":["post-121237","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>Stock jumps after company secures work orders worth \u20b9 11.14 Cr\u00a0from M. 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