{"id":129683,"date":"2024-07-29T13:53:59","date_gmt":"2024-07-29T08:23:59","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=129683"},"modified":"2024-07-29T13:56:55","modified_gmt":"2024-07-29T08:26:55","slug":"realty-stock-jumps-11-after-receiving-new-project-worth-171-cr-from-nhai","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/realty-stock-jumps-11-after-receiving-new-project-worth-171-cr-from-nhai\/","title":{"rendered":"Realty stock jumps 11% after receiving new project worth \u20b9 171 Cr from NHAI"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1939461926\"><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 mid-cap company gained up to 11 percent after the company received a new project from the National Highway Authority of India (NHAI) worth Rs 171 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3767571822\"><!-- 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 625.80 crore, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SRM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">SRM Contractors Ltd<\/a><\/strong> were trading at Rs 272.75 per share, increasing around 10 percent as compared to the previous closing price of Rs 248.20 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for rise:-&nbsp;<\/strong><\/h2><p>Today, the shares of the company have seen positive movement after SRM Contractors Ltd received a new project from the National Highway Authority of India (NHAI) worth Rs 171 crore for Strengthening and Maintenance Works\/Activities on Section from Km 0.00 to Km 123.454 of Jetpur-Somnath Section excluding Junagarh Bypass (103Kms) in the state of Gujarat.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial analysis:-&nbsp;<\/strong><\/h2><p>Examining the company&#8217;s financial performance, revenue magnified by5 percent, from Rs 102.80 crore in Q4 FY23 to Rs 107.87crore in Q4 FY24. During the same period, net profit increased by 11 percent, from Rs 6.99 crore to Rs 6.17 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-558669626\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p><\/blockquote><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=\"9H0wg1Gdby\"><a href=\"https:\/\/tradebrains.in\/features\/semiconductor-stock-jumps-11-after-its-net-profits-increase-by-106-in-q1\/\">Semiconductor stock jumps 11% after its net profits increase by 106% in Q1<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Semiconductor stock jumps 11% after its net profits increase by 106% in Q1&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/semiconductor-stock-jumps-11-after-its-net-profits-increase-by-106-in-q1\/embed\/#?secret=wBLVegBYFI#?secret=9H0wg1Gdby\" data-secret=\"9H0wg1Gdby\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Project completion:-&nbsp;<\/strong><\/h2><p>As of March 2024, SRM Contractors has completed 37 infrastructure construction projects with a total contract value of Rs. 77,088.00 lakhs including 31 road construction projects, 3 tunnel projects, 1 slope stabilization project, and 2 miscellaneous construction works.&nbsp;<\/p><p>Moreover, out of the 37 projects 29 infrastructure construction projects, including sub-contracts, were undertaken by the company independently and 8 projects were undertaken through project-specific joint ventures.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Snapshot:-&nbsp;<\/strong><\/h2><p>SRM Contractors Ltd. (SCL) is an engineering construction and development business that specializes in the building of roads (including bridges), tunnels, slope stabilization works, and other civil construction projects in the Union Territories of Jammu Kashmir and Ladakh.&nbsp;<\/p><p><strong>Written by:- Abhishek Singh&nbsp;<\/strong><\/p><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-212582302\"><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 mid-cap company gained up to 11 percent after the company received a new project from the National Highway Authority of India (NHAI) worth Rs 171 crore.&nbsp; With a market capitalization of Rs 625.80 crore, the shares of SRM Contractors Ltd were trading at Rs 272.75 per share, increasing around 10 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":115689,"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":[20507,20508,20752,20506,948,936],"class_list":["post-129683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-srm-contractors-latest-news","tag-srm-contractors-new-order","tag-srm-contractors-order-from-nhai","tag-srm-contractors-share-price","tag-stock-market","tag-stock-market-news"],"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>Realty stock jumps 11% after receiving new project worth \u20b9 171 Cr from NHAI<\/title>\n<meta name=\"description\" content=\"The shares of the mid-cap company gained up to 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