{"id":123047,"date":"2024-04-24T16:50:50","date_gmt":"2024-04-24T11:20:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=123047"},"modified":"2024-04-24T16:51:12","modified_gmt":"2024-04-24T11:21:12","slug":"penny-stock-hit-upper-circuit-after-securing-an-order-worth-2-94-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hit-upper-circuit-after-securing-an-order-worth-2-94-cr\/","title":{"rendered":"Penny stock hits upper circuit after securing an order worth \u20b92.94 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2691385078\"><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 micro-cap penny stock hit 2% upper circuit to Rs. 9.07 in Wednesday\u2019s trading session, after securing an order from U.P. Power Transmission Corporation Limited worth Rs. 2.94 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1146607246\"><!-- 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. 39.3 crore, the company has delivered positive returns of about 70.5 percent in the last one year and nearly 47.5 percent of positive returns in the last six months. So far in 2024, it has given around 24.8 percent of positive returns.&nbsp;<\/p><p>According to the recent regulatory filings with the BSE, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/540786\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Sharika Enterprises Limited <\/a><\/strong>have received a Turnkey project from U.P. Power Transmission Corporation Limited (UPPTCL).\u00a0<\/p><p>The order received by the company is for the supply and erection of outdoor equipment of 2No, 145 KV Bay at 400 KV S\/S at Rasara, Ballia, Uttar Pradesh on a turnkey basis, and the order is to be executed within six months.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1349164411\"><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>Earlier on March 14th, Sharika Enterprises announced the successful completion of the supply, installation, termination, testing, and commissioning (SITC) of a 220 kV XLPE cable (1Cx400 Sq. mm) at the Naitwar Mori Hydro Power Plant (2&#215;30 MW) in Uttar Kashi.&nbsp;<\/p><p>The company made its Initial Public Offering (IPO) in November 2017 and received an overwhelming response, with the public offering being oversubscribed by more than 59 times.&nbsp;<\/p><p>In terms of financials, the company\u2019s revenue from operations increased by 111.3 percent from Rs. 11.57 crore in Q2 FY23-24 to Rs. 24.45 crore in Q3 FY23-24.&nbsp;<\/p><p>The net profit of Sharika Enterprises is Rs. -1.88 crore in Q3 FY23-24, an increase of 0.52 percent, from a loss of Rs. 1.89 crore in Q2 FY23-24.&nbsp;<\/p><p>Formed in 1998, Sharika Enterprises Limited is primarily engaged in the business of Management Consultancy and Project Execution Services in the power sector.&nbsp;<\/p><p>The company\u2019s portfolio includes a range of solar solutions such as grid-connected solar PV Systems, off-grid solutions, hybrid solutions with battery backup, battery energy storage systems, EV charging systems, real-time monitoring of solar plants, and solar street lights.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-625419595\"><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><p><strong>Written by Shivani Singh<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/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-755350739\"><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 micro-cap penny stock hit 2% upper circuit to Rs. 9.07 in Wednesday\u2019s trading session, after securing an order from U.P. Power Transmission Corporation Limited worth Rs. 2.94 crores.&nbsp; With a market capitalisation of Rs. 39.3 crore, the company has delivered positive returns of about 70.5 percent in the last one year [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12638,"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":[14846,14847,14845,948,936,3153,2597],"class_list":["post-123047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sharika-enterprises-latest-news","tag-sharika-enterprises-latest-order","tag-sharika-enterprises-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stocks-to-watch"],"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 hits upper circuit after securing an order worth \u20b92.94 Cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/penny-stock-hit-upper-circuit-after-securing-an-order-worth-2-94-cr\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock hits upper circuit after securing an order worth \u20b92.94 Cr\" \/>\n<meta property=\"og:description\" content=\"Share price of this micro-cap penny stock hit 2% upper circuit to Rs. 9.07 in Wednesday\u2019s trading session, after securing an order from U.P. 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