{"id":121337,"date":"2024-03-26T13:50:30","date_gmt":"2024-03-26T08:20:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121337"},"modified":"2024-03-26T15:37:34","modified_gmt":"2024-03-26T10:07:34","slug":"it-stock-jumps-after-it-bags-an-order-from-midc-worth-6-41-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-after-it-bags-an-order-from-midc-worth-6-41-cr\/","title":{"rendered":"IT stock jumps after it bags an order from MIDC worth \u20b9 6.41 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1709974513\"><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 micro-cap stock jumped approximately 2 percent in Tuesday\u2019s trading session after the company successfully bagged an order worth Rs 6.41 crores from MIDC. Year-to-date, the company\u2019s stock gained more than 50 percent for its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3104757095\"><!-- 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 967.29 crores, the stocks of Ceinsys Tech Limited opened their trading hour on Tuesday at Rs 611 and currently trade at Rs 592, gaining approximately 2 percent as compared to the previous closing levels of Rs 582.75 apiece.&nbsp;<\/p><p>Such bullish movements in the company\u2019s share price were witnessed after the company, via a recent regulatory filing with the Bombay Stock Exchange (BSE), intimated about the receipt of a Domestic order from \u201cIndustries Department Maharashtra\u201d (MIDC) worth Rs 6.41 crores.&nbsp;<\/p><p>The order mentioned above pertains to the supply as well as the implementation of the \u2018AutoCAD\u2019 upgrade and also includes a new \u2018Multi-User License\u2019 (Qty &#8211; 100). The order is decided to be executed for a period of three years.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1111519761\"><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>During the recent financial quarters, the company\u2019s prime business indicators, i.e., its operating revenues as well as after-tax profits, witnessed a jump in numbers with the former increasing from Rs 58 crores during Q2FY24 to Rs 63 crores during Q3FY24, and the latter, keeping the timeframe the same, doubling from Rs 5 crores to Rs 10 crores.&nbsp;<\/p><p>In addition, the company\u2019s ratio analysis of the recent financial years exhibits the return on equity (RoE) jumping from 5.64 percent during FY21-22 to 15.57 percent during FY22-23 and the return on capital employed (RoCE) from 12.07 percent to 14.76 percent keeping the time horizon the same.&nbsp;<\/p><p>Keeping a purview of the last six months, the company\u2019s stock has delivered multibagger returns of nearly 182 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 2.82 lakhs.&nbsp;<\/p><p>Ceinsys Tech Limited is engaged in the business of providing architectural, engineering, and allied technical consultancy services to corporate as well as government customers within and outside India. The company operates via three broad segments, viz, enterprise geospatial &amp; engineering services, power generation, and software products.<\/p><p><strong>Written by Amit Madnani&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-1692006269\"><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-1371270042\"><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 micro-cap stock jumped approximately 2 percent in Tuesday\u2019s trading session after the company successfully bagged an order worth Rs 6.41 crores from MIDC. Year-to-date, the company\u2019s stock gained more than 50 percent for its stakeholders.&nbsp; With a market capitalization of Rs 967.29 crores, the stocks of Ceinsys Tech Limited opened their [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":119044,"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-121337","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>IT stock jumps after it bags an order from MIDC worth \u20b9 6.41 Cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this multibagger micro-cap stock jumped approximately 2 percent in Tuesday\u2019s trading session after the company successfully bagged an order worth Rs 6.41 crores from MIDC. 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