{"id":124538,"date":"2024-05-21T12:31:11","date_gmt":"2024-05-21T07:01:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=124538"},"modified":"2024-05-21T13:09:32","modified_gmt":"2024-05-21T07:39:32","slug":"penny-stock-jumps-5-after-company-received-contract-worth-3-50-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-5-after-company-received-contract-worth-3-50-cr\/","title":{"rendered":"Penny stock jumps 5% after company received contract worth \u20b9 3.50 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-256060646\"><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>The shares of the electronic security solutions provider gained up to 5 percent after the company received a contract to carry out Installation work and services of IOT worth Rs 3.50 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2734893388\"><!-- 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 11.85 crore, the shares of <strong>Panabyte Technologies Ltd<\/strong> were trading at Rs 27.00 per share, increasing around 3.89 percent as compared to the previous closing price of Rs 25.99 apiece.\u00a0<\/p><p><strong>According to the company filing, Panabyte Technologies Ltd has received a Contract from 75F Smart Innovations India Private Limited, a subsidiary of a company incorporated outside India, to carry out Installation work and Services of IOT Based Systems with Energy Monitoring to control and optimize any existing HVAC equipment and Systems worth Rs 3.50 crore.\u00a0<\/strong><\/p><p>Looking into Panabyte Technologies&#8217;s performance, revenue increased by 15 percent from Rs 0.93 crore in Q3 FY23 to Rs 0.96 crore in Q3 FY24. During the same period, net loss decreased, from Rs 0.20 crore to Rs 0.10 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2471403772\"><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 stock has delivered multi-bagger returns of 101.34 percent in the last six months and a return of 67.91 percent in a year. A shareholder&#8217;s investment of Rs. 1 lakh in the company would be worth Rs. 2.01 lakh in six month.&nbsp;<\/p><p>The company&#8217;s profitability measures show an decline in return on equity (RoE) from 0.31 percent in FY 21-22 to (15.15) percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 6.69 percent to 3.76 percent. In contrast, the net profit margin (NPM) was (5.04) percent in fiscal year 22-23.&nbsp;<\/p><p>In the company\u2019s recent shareholding pattern, promoters own 17.03 percent while Retail shareholders own a 82.98 percent stake in the company.&nbsp;<\/p><p>Incorporated in 1981, Panache Innovations Ltd is engaged in multi-product distribution viz., Consumer Electronic &amp; Electrical Goods and IT Hardware &amp; its peripherals and Sanitary products&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh&nbsp;<\/strong><\/p><\/blockquote><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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-2803549088\"><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>The shares of the electronic security solutions provider gained up to 5 percent after the company received a contract to carry out Installation work and services of IOT worth Rs 3.50 crore.&nbsp; With a market capitalization of Rs 11.85 crore, the shares of Panabyte Technologies Ltd were trading at Rs 27.00 per share, increasing around [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"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-124538","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 jumps 5% after company received contract worth \u20b9 3.50 Cr<\/title>\n<meta name=\"description\" content=\"The shares of the electronic security solutions provider gained up to 5 percent after the company received a contract to carry out Installation work and services of IOT worth Rs 3.50 crore.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, 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