{"id":131546,"date":"2024-08-21T11:54:39","date_gmt":"2024-08-21T06:24:39","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=131546"},"modified":"2024-08-21T13:04:00","modified_gmt":"2024-08-21T07:34:00","slug":"microcap-stock-jumps-after-signing-mou-with-singapore-based-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-after-signing-mou-with-singapore-based-company\/","title":{"rendered":"Microcap stock jumps after signing MoU with Singapore based company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-694741169\"><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>Micro-cap stock offering environmental consulting services rose by nearly 1 percent following the company&#8217;s signing of a Memorandum of Understanding (MOU) with ARK Sustainable Technologies to advance environmental and sustainability efforts.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2288911259\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share Price Variation&nbsp;<\/strong><\/h2><p>In Wednesday\u2019s trading session, the share price of <strong>TechKnowGreen Solutions Limited<\/strong> reached an intra-day high of Rs.318 per share from its previous close of Rs.316 apiece, gaining around 1 percent in the session.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What is the news&nbsp;<\/strong><\/h2><p>On August 21, 2024, TechKnowGreen Solutions Limited, headquartered in Pune, India, and ARK Sustainable Technologies Private Limited, registered in Singapore, entered into a Memorandum of Understanding (MOU).&nbsp;<\/p><p>This agreement is designed to promote collaboration in environmental and sustainability initiatives. The partnership will focus on joint ventures and research and development efforts, facilitating technology transfer, research publications, and innovative solutions in these fields.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3836577927\"><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 profit-sharing arrangement is set at 75:25, with a strategic emphasis on expanding into global markets, particularly Singapore and India. The collaboration aims to enhance services through cross-selling and cooperative approaches.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reputed Clientele<\/strong><strong>&nbsp;<\/strong><\/h2><p>TechKnowGreen Solutions Limited features a strong client roster with prominent names such as Siemens, Cipla, Piramal, Abbott, Mahindra, Hyundai, Cadbury, ITC, BHEL, and several others.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Domestic and International Presence<\/strong><strong>&nbsp;<\/strong><\/h2><p>The company operates in over 15 states with two branches, focusing on Maharashtra, Karnataka, and Delhi due to their industrial and regulatory importance. The company also has a presence in Jeddah, Saudi Arabia, through a partnership with Munif AL Nahdi Trading and Contracting Company, and has worked with US EPA and Sweden&#8217;s SIDA\/SMHI.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>TechKnowGreen Solutions Limited releases its financial results every six months. For the half-year ending March 2024, the company saw an increase in operating revenue but experienced a decline in net profits due to higher tax expenses.&nbsp;<\/p><p>In H2FY24, the company reported revenue of Rs.14.22 crore, marking a 54.22 percent rise from Rs.9.22 crore in H1FY24. However, net profits decreased by 11.42 percent, falling to Rs.2.87 crore from Rs.3.24 crore in the same period.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Shareholding composition&nbsp;<\/strong><\/h2><p>As of March 2024, TechKnowGreen Solutions&#8217; shareholding pattern shows that Promoters hold 65.58 percent of the shares, while Retail investors hold 34.43 percent.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3161990619\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Techknowgreen Solutions Limited provides environmental consulting services. Its consulting services include environmental impact assessment, ESG and climate change, environmental compliance, environmental due diligence, DPR and designing training and sensitization, and environmental crime investigation.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by &#8211; Siddesh S Raskar\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" 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-3680202834\"><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>Micro-cap stock offering environmental consulting services rose by nearly 1 percent following the company&#8217;s signing of a Memorandum of Understanding (MOU) with ARK Sustainable Technologies to advance environmental and sustainability efforts.&nbsp; Share Price Variation&nbsp; In Wednesday\u2019s trading session, the share price of TechKnowGreen Solutions Limited reached an intra-day high of Rs.318 per share from its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[],"class_list":["post-131546","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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