{"id":121555,"date":"2024-04-01T12:49:52","date_gmt":"2024-04-01T07:19:52","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121555"},"modified":"2024-04-01T13:25:04","modified_gmt":"2024-04-01T07:55:04","slug":"penny-stock-trades-flat-after-receiving-an-order-worth-33-93-cr-from-nhai","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-trades-flat-after-receiving-an-order-worth-33-93-cr-from-nhai\/","title":{"rendered":"Penny stock trades flat after receiving an order worth \u20b9 33.93 Cr from NHAI\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1226869659\"><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 company engaged in the construction of roads fell around 2 percent in Monday\u2019s trading session despite receiving an order worth Rs. 33.93 crores from the National Highway Authority of India. The shares were listed on the NSE SME platform with a premium of 5.3 percent on 19 March 2024.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4183579983\"><!-- 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. 191 crores, the shares of AVP Infracon Ltd started Monday\u2019s trading session on a higher note at Rs. 80.80, also recorded as the company\u2019s fresh 52-week high compared to its previous close of Rs. 77.50. During the trading session, the shares hit a low of Rs. 75.55, making a loss of around 2 percent and are currently trading at Rs. 76 apiece.\u00a0<\/p><p>According to the exchange filing, the company received a Letter of Acceptance (LoA) from the National Highway Authority of India for Strengthening\/Overlay of the Thirumayam-Manamadurai section in the State of Tamil Nadu on an item rate basis worth Rs. 33.93 crores.&nbsp;<\/p><p>Coming onto the company\u2019s financial statements, the revenue zoomed by 67 percent from Rs. 64 crores during FY21-22 to Rs. 106 crores in FY22-23. In addition, the net profits magnified by 200 percent from Rs. 4 crores to Rs. 12 crores during the same period.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2352557487\"><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>Furthermore, the main objective of the company is to invest Rs. 15 crores in purchasing capital equipment like road laying, loading, batching plant, and material handling equipment. Additionally, AVP Infracon plans to allocate Rs. 35 crores for working capital needs from the funds raised through IPO.&nbsp;<\/p><p>As of October 2023, the company has a current ratio of 1.40 times which shows a stable liquidity position and there was a significant drop in the inventory turnover ratio to 1.02 times suggesting potential inefficiencies in managing inventory or sales slowdowns.&nbsp;<\/p><p>Headquartered in Chennai, AVP Infracon was incorporated in 2009. The company is engaged in the construction of road projects based on the Bill of Quantities (BOQ) and Engineering, Procurement, and Construction (EPC).&nbsp;<\/p><p><strong>Written By Vaibhav Patil&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-after-content\" id=\"trade-732848536\"><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 company engaged in the construction of roads fell around 2 percent in Monday\u2019s trading session despite receiving an order worth Rs. 33.93 crores from the National Highway Authority of India. The shares were listed on the NSE SME platform with a premium of 5.3 percent on 19 March 2024.&nbsp; With a market [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":115689,"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-121555","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>Penny stock trades flat after receiving an order worth \u20b9 33.93 Cr from NHAI\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this company engaged in the construction of roads fell around 2 percent in Monday\u2019s trading session despite receiving an order worth Rs. 33.93 crores from the National Highway Authority of India. 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