{"id":123057,"date":"2024-04-24T17:15:29","date_gmt":"2024-04-24T11:45:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=123057"},"modified":"2024-04-24T17:28:11","modified_gmt":"2024-04-24T11:58:11","slug":"multibagger-penny-stock-hit-upper-circuit-after-securing-order-worth-%e2%82%b9329-73-cr-from-gipcl","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-penny-stock-hit-upper-circuit-after-securing-order-worth-%e2%82%b9329-73-cr-from-gipcl\/","title":{"rendered":"Multibagger penny stock hit upper circuit after securing order worth \u20b9329.73 Cr from GIPCL\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3433617518\"><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. 9.56 in Wednesday\u2019s trading session, after securing an order worth Rs. 329.73 crores from Gujarat Industries Power Company Limited.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4216836661\"><!-- 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. 257.7 crore, <strong>Madhav Infra Projects Limited<\/strong> has delivered about 126 percent of multibagger returns in the last one year and nearly 50.3 percent of positive returns in the last six months. However, so far in 2024, it has given around 22.8 percent of negative returns.\u00a0<\/p><p>According to the recent regulatory filings with the BSE, Madhav Infra Projects has secured a Letter of Intent (LoI) from Gujarat Industries Power Company Limited (GIPCL) for a Rs. 329.73 crore solar power generation project on an Engineering, Procurement and Construction (EPC) basis.&nbsp;<\/p><p>The order is for the design, engineering, supply, construction, erection, testing, commissioning and 3 years of Operation and Maintenance of 75MW(AC) solar power projects in Vastan, near SLPP Tal-Mangrol district in Surat, Gujarat.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1459322579\"><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 time frame for the execution of this solar power producing project is 330 days.&nbsp;<\/p><p>Earlier on March 4th, the company received a Letter of acceptance worth Rs. 20.74 crore, for the construction of the Railway Over Bridge in Madhya Pradesh from the Office Of the Executive Engineer, Public Work Department, Bridge Construction Division Sagar (M.P.).&nbsp;<\/p><p>In terms of financials, the company\u2019s revenue from operations fell by 10% from Rs. 97.57 crore in Q2 FY23-24 to Rs. 87.78 crore in Q3 FY23-24, along with a decline in the net profit of 42%, from Rs. 7.96 crore in Q2 FY23-24 to Rs. 4.62 crore in Q3 FY23-24.&nbsp;<\/p><p>Established in 2010, Madhav Infra Projects Limited is engaged in civil and engineering, procurement and construction (EPC) contract business.&nbsp;<\/p><p>The company is involved in the development, construction as well as operation and maintenance of various infrastructure projects in addition to operating a power generation business.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shivani Singh<\/strong><\/p><\/blockquote><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-content-10\" id=\"trade-31668866\"><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-488655621\"><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. 9.56 in Wednesday\u2019s trading session, after securing an order worth Rs. 329.73 crores from Gujarat Industries Power Company Limited.&nbsp; With a market capitalisation of Rs. 257.7 crore, Madhav Infra Projects Limited has delivered about 126 percent of multibagger returns in the last [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":101688,"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-123057","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) - 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