{"id":124600,"date":"2024-05-22T11:21:18","date_gmt":"2024-05-22T05:51:18","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=124600"},"modified":"2024-05-22T14:29:47","modified_gmt":"2024-05-22T08:59:47","slug":"penny-stock-hits-upper-circuit-after-company-received-contract-worth-4-64-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-company-received-contract-worth-4-64-cr\/","title":{"rendered":"Penny stock hits upper circuit after company received contract worth \u20b9 4.64 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3800515639\"><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 construction company hit 2 percent upper circuit after the company received a contract for the construction of a High-Level RCC Bridge Across Odai worth Rs 4.64 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3667713441\"><!-- 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 46.35 crore, the shares of <strong>Constronics Infra Ltd<\/strong> were trading at Rs 64.30 per share, increasing around 2 percent as compared to the previous closing price of Rs 63.04 apiece.\u00a0<\/p><p><strong>According to the company filing, Constronics Infra Ltd has received a contract for the construction of a High-Level RCC Bridge Across Odai in Karunya Educational and Research Trust, Karunya Nagar from Karunya Institute of Technology and Sciences, Coimbatore worth Rs 4.64 crore. The contract shall be completed within 210 days after turning over the site for execution.&nbsp;<\/strong><\/p><p>Looking into Constronics Infra Ltd&#8217;s performance, revenue decreased by 57 percent from Rs 0.18 Crore in Q3FY23 to Rs 0.15 Crore in Q3FY24. During the same time frame, net profit decreased by 12 percent from Rs 0.07 crore to Rs 0.03 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3387996066\"><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>Recently, KCP Infra Limited has awarded the company a work order for Rs. 55.17 crores to widen Arcot Tindivanam Road (SH5) and Thiruvathipuram Bypass Road from two lanes to four lanes, as well as to strengthen it.&nbsp;<\/p><p>The company&#8217;s profitability measures show a decline in return on equity (RoE) from 91.04 percent in FY 21-22 to 22.80 percent in FY 22-23, while, during the same period return on capital employed (RoCE) decreased from 9.55 percent to 11.60 percent. In contrast, the net profit margin (NPM) was 6.90 percent in fiscal year 22-23.&nbsp;<\/p><p>In the company\u2019s recent shareholding pattern, promoters own 18.47 percent while Retail shareholders own an 81.53 percent stake in the company.&nbsp;<\/p><p>Constronics Infra Limited is an India-based firm that specializes in infrastructure and construction. The Company is in the business of trading construction and building supplies such as blue metals, m-sand, crushed stone, and related items.&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-1839630\"><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 construction company hit 2 percent upper circuit after the company received a contract for the construction of a High-Level RCC Bridge Across Odai worth Rs 4.64 crore.&nbsp; With a market capitalization of Rs 46.35 crore, the shares of Constronics Infra Ltd were trading at Rs 64.30 per share, increasing around 2 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":117840,"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":[4865,31],"tags":[18368,18370,18369,18371,948,936,3157],"class_list":["post-124600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","tag-constronics-infra","tag-constronics-infra-contract","tag-constronics-infra-latest-news","tag-constronics-infra-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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