{"id":128672,"date":"2024-07-16T10:51:04","date_gmt":"2024-07-16T05:21:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=128672"},"modified":"2024-07-16T10:51:09","modified_gmt":"2024-07-16T05:21:09","slug":"penny-stock-jumps-19-after-receiving-order-for-industrial-factory-building-worth-230-mil","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-19-after-receiving-order-for-industrial-factory-building-worth-230-mil\/","title":{"rendered":"Penny stock jumps 19% after receiving order for industrial factory building worth \u20b9 230 Mil"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3697619563\"><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 gained up to 19 percent after the company received a new work order from leading manufacturers of polyester worth Rs 230 million.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-122628408\"><!-- 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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/540147\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Shashijit Infraprojects Ltd<\/a><\/strong> has a market capitalization of Rs 39.82 crore, the shares were trading in green at Rs 7.64 per share, increasing around 9.77 percent as compared to the previous closing price of Rs 6.96 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Matter Description:-&nbsp;<\/strong><\/h2><p>Today the shares of the company have seen a positive movement after Shashijit Infraprojects Ltd received a new work order from leading manufacturers of polyester worth Rs 230 million for construction of the Industrial Factory Building. The order should executed within 12-15 months. The company also engaged in civil construction work for its Phase-1 project.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance &amp; client base:-&nbsp;<\/strong><\/h2><p>Examining the company&#8217;s financial performance, revenue plummeted by 33 percent from Rs 9.95 crore in Q4FY23 to Rs 6.7 crore in Q4FY24, during the same period net profit plummeted by 800 percent from a profit of Rs 0.13 crore to a loss of Rs 1.02 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2041756120\"><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 has a strong client base which includes Electromag Devices, CPS Colour System, Modison Metal, Apar Industries, Uniflex Cable, UM Cable, Sanathan Textiles, Subhnil Yarn, SRV Polytex, etc.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Ratio analysis:-&nbsp;<\/strong><\/h2><p>The company&#8217;s critical ratios show that the return on equity decreased from 3.81 percent in FY22-23 to (5.48) percent in FY23-24, while the return on capital employed decreased from 11.13 percent to 9.60 percent. The net profit margin (NPM) for fiscal year 23-24 is (2.24) percent.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Shareholding pattern:-&nbsp;<\/strong><\/h2><p>As of March 2024, the firm\u2019s shareholding pattern stood at 51.16 percent for promoters and 48.83 percent for the public.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Profile:-&nbsp;<\/strong><\/h2><p>Shashijit Infraprojects Limited is an India-based industrial and infrastructure enterprise. The company creates and develops industrial infrastructure, including roadways, public utilities, powerhouse buildings, factories, and other immovable properties. Its business categories include construction and government infrastructure.&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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Disclaimer<\/strong><\/h2><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-after-content\" id=\"trade-2183029971\"><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 gained up to 19 percent after the company received a new work order from leading manufacturers of polyester worth Rs 230 million.&nbsp; Shashijit Infraprojects Ltd has a market capitalization of Rs 39.82 crore, the shares were trading in green at Rs 7.64 per share, increasing around 9.77 percent as [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":125221,"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":[9610,16893,20526,16892,948,936,20527],"class_list":["post-128672","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-penny-stock","tag-shashijit-infraprojects-latest-news","tag-shashijit-infraprojects-new-order","tag-shashijit-infraprojects-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-shashijit-infraprojects-share-price-incraesing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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