{"id":128225,"date":"2024-07-10T11:39:02","date_gmt":"2024-07-10T06:09:02","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=128225"},"modified":"2024-07-10T11:41:26","modified_gmt":"2024-07-10T06:11:26","slug":"stock-hits-5-upper-circuit-after-company-expands-its-business-in-mumbai","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-company-expands-its-business-in-mumbai\/","title":{"rendered":"Stock hits 5% upper circuit after company expands its\u00a0business in Mumbai\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1153543994\"><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>Microcap stock engaged in the business of providing space-as-a-service by renting and managing commercial spaces hit a 5 percent upper circuit in the day\u2019s trade upon expanding its commercial space operations in Mumbai.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1962695341\"><!-- 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><h3 class=\"wp-block-heading\"><strong>Price Action&nbsp;<\/strong><\/h3><p>With a market capitalization of Rs. 78 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KONTOR\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Kontor Space Limited<\/a><\/strong> hit a 5 percent upper circuit at Rs. 126.80 per equity share, from its previous day\u2019s close price of Rs. 120.80.&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>What Happened&nbsp;<\/strong><\/h3><p>Kontor Space Limited has announced its new Coworking Center at MIDC, Andheri East will be operational from July 12, 2024, following which it anticipates that this new center will significantly enhance its service offerings and contribute positively to the revenue streams.&nbsp;<\/p><p>The new Coworking Center at MIDC, Andheri will have a capacity of approximately 500 seats with an initial occupancy of 75 percent from the first day of operation. This strategic expansion is aimed at catering to the growing demand for flexible and collaborative workspaces among startups, SMEs, and independent professionals in the region\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-3774773111\"><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><h3 class=\"wp-block-heading\"><strong>Also read<\/strong><\/h3><figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"M67RBKqKVb\"><a href=\"https:\/\/tradebrains.in\/features\/railway-stock-jumps-10-after-it-receives-orders-worth-389-cr-from-south-eastern-railway\/\">Railway stock jumps 10% after it receives orders worth \u20b9 389 Cr from South Eastern Railway<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Railway stock jumps 10% after it receives orders worth \u20b9 389 Cr from South Eastern Railway&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/railway-stock-jumps-10-after-it-receives-orders-worth-389-cr-from-south-eastern-railway\/embed\/#?secret=QbDafUf2Up#?secret=M67RBKqKVb\" data-secret=\"M67RBKqKVb\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><h3 class=\"wp-block-heading\"><strong>About the company&nbsp;<\/strong><\/h3><p>Kontor Space Limited is primarily engaged in the business of providing space-as-a-service by renting and managing commercial spaces. This is followed by constructing, purchasing, or renting property and then sub-lease to single or multiple clients for their workspace requirements on a per-seat basis.&nbsp;<\/p><h3 class=\"wp-block-heading\"><strong>Financials and Ratios&nbsp;<\/strong><\/h3><p>Its revenue from operations grew by 20.28 percent from Rs. 9.17 Crores in FY23 to Rs. 11.03 Crores in FY24, accompanied by profits of Rs. 1.88 Crores to Rs. 1.95 Crores.&nbsp;<\/p><p>In terms of Return ratios, it has reported a return on equity (ROE) of 41.9 percent, and a return on capital employed (ROCE) of 32.4 percent. It has reported a debt-to-equity ratio of 0.21.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/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 <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-2481452559\"><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>Microcap stock engaged in the business of providing space-as-a-service by renting and managing commercial spaces hit a 5 percent upper circuit in the day\u2019s trade upon expanding its commercial space operations in Mumbai.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 78 Crores, the shares of Kontor Space Limited hit a 5 percent upper circuit [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":74606,"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":[20365,20366,20367,5431,948,936,3157],"class_list":["post-128225","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-kontor-space","tag-kontor-space-news","tag-kontor-space-share-price","tag-microcap-stock","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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