{"id":125027,"date":"2024-05-27T12:19:19","date_gmt":"2024-05-27T06:49:19","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=125027"},"modified":"2024-05-27T16:59:31","modified_gmt":"2024-05-27T11:29:31","slug":"telecom-stock-jumps-9-after-company-received-loa-from-aces-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/telecom-stock-jumps-9-after-company-received-loa-from-aces-india\/","title":{"rendered":"Telecom stock jumps 9% after company received LoA from ACES India"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4243773020\"><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 leading manufacturers of RF Equipment&#8217;s gained up to 9.4 percent after the company received a letter of acceptance from ACES India Private Limited.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3029497106\"><!-- 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 461.52 crore, the shares of <strong>Frog Cellsat Ltd<\/strong> were trading at Rs 299 per share, increasing around 7.65 percent as compared to the previous closing price of Rs 277.75 apiece.\u00a0<\/p><p><strong>According to the company filing,Frog Cellsat Ltd has received a letter of acceptance from ACES India Private Limited, a Licensed Neutral Host Operator in India and a wholly owned subsidiary of Advanced Communications and Electronics Systems Company, headquartered in Saudi Arabia, for the Design, Manufacturing, Supply, and Services of an Active DAS System for Noida International Airport. <\/strong>The transaction is one of the larger ones, has substantial value, and is likely to be completed during FY 24-25.&nbsp;<\/p><p>Looking into Frog Cellsat Ltd&#8217;s performance, revenue increased by 42 percent from Rs 31.13 Crore in Q4FY23 to Rs 44.46 Crore in Q4FY24. During the same time frame, net profit increased by 42 percent from Rs 4.64 crore to Rs 6.60 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3509307741\"><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 company&#8217;s profitability measures show an decline in return on equity (RoE) from 13.38 percent in FY 22-23 to 11.47 percent in FY 23-24, while, during the same period return on capital employed (RoCE) decreased from 20.74 percent to 14.79 percent. In contrast, the net profit margin (NPM) was 9.58 percent in fiscal year 22-23.&nbsp;<\/p><p>It has a strong clientele base with well-known customers like Airtel, Jio, Nokia, Motorola, Huawei, Indus Towers, Siemens, Hitachi, ITI, Ericsson, Bharat Electronics, Larsen &amp; Toubro, and many more.&nbsp;<\/p><p>Recently, the firm has announced that it has obtained a Letter of Intent (LOI) from L&amp;T Technology Services for a consideration of Rs. 7.4 crores for the Design, Manufacturing, and Supply of the IBS System for Bangalore Metro (BMRC), which is expected to be completed within the Financial Year 2024-25.&nbsp;<\/p><p>Frog Cellsat Limited is an India-based technology business that specializes on wireless network coverage and transmission solutions. The company manufactures telecommunications equipment. The company makes second, third, and fourth generation (2G\/3G\/4G) multi-band digital radio frequency (RF) repeaters, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/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-396957654\"><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 leading manufacturers of RF Equipment&#8217;s gained up to 9.4 percent after the company received a letter of acceptance from ACES India Private Limited.&nbsp; With a market capitalization of Rs 461.52 crore, the shares of Frog Cellsat Ltd were trading at Rs 299 per share, increasing around 7.65 percent as compared to [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":18804,"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":[4865,31,13525],"tags":[18658,18659,18660,948,936,3157],"class_list":["post-125027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates","tag-frog-cellsat","tag-frog-cellsat-news","tag-frog-cellsat-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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