{"id":132237,"date":"2024-08-29T14:24:33","date_gmt":"2024-08-29T08:54:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=132237"},"modified":"2024-08-29T14:24:37","modified_gmt":"2024-08-29T08:54:37","slug":"it-stock-hits-5-upper-circuit-after-receiving-order-worth-17-43-cr-for-drone-and-robotic-services","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-hits-5-upper-circuit-after-receiving-order-worth-17-43-cr-for-drone-and-robotic-services\/","title":{"rendered":"IT stock hits 5% upper circuit after receiving order worth \u20b9 17.43 Cr for drone and robotic services"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2804223589\"><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>IT Stock engaged in providing IT hardware solutions and equipment, including managing cloud servers, servicing IT equipment, drone &amp; robotic services and many more hit a 5 percent upper circuit upon receiving a new work order worth Rs. 17.43 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-438431476\"><!-- 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>Price Action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 95.45 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SLONE\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Slone Infosystems Limited<\/a><\/strong> hit a 5 percent upper circuit in the day\u2019s trade at Rs. 181.15 per equity share, from its previous day\u2019s close price of Rs. 172.10.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p>\n\n<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=\"y8iri3BbKw\"><a href=\"https:\/\/tradebrains.in\/features\/alcohol-stock-jumps-19-after-companys-board-to-consider-bonus-issue\/\">Alcohol stock jumps 19% after company&#8217;s board to consider bonus issue<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Alcohol stock jumps 19% after company&#8217;s board to consider bonus issue&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/alcohol-stock-jumps-19-after-companys-board-to-consider-bonus-issue\/embed\/#?secret=HbfGkl3A4S#?secret=y8iri3BbKw\" data-secret=\"y8iri3BbKw\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Slone Infosystems Limited has received a new work order from its business client for supplying various Materials for the ICT LAB along with services related to drones, Artificial Intelligence, and Robotics for a consideration of Rs. 17.43 Crores.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Slone Infosystems Limited is engaged in providing IT hardware solutions and equipment like renting and selling laptops, desktops, servers, and workstations. Additionally, it offers IT solution services to corporate clients, including managing cloud servers, servicing IT equipment, drone &amp; robotic services, and many others.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1728455054\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials and Ratios&nbsp;<\/strong><\/h2><p>Its revenue from operations grew by 101 percent from Rs. 30.22 Crores in FY23 to Rs. 60.69 Crores in FY24, accompanied by profits of Rs. 0.75 Crores to Rs. 4.19 Crores.&nbsp;<\/p><p>In terms of Return ratios, it has reported a return on equity (ROE) of 119 percent and a Return on capital employed (ROCE) of 122 percent. It has reported a debt-to-equity ratio of 0.12.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S\u00a0<\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong><\/p>\n\n<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=\"lKQ4mkuBmu\"><a href=\"https:\/\/tradebrains.in\/features\/adani-group-stock-to-buy-now-for-an-upside-of-30-are-you-holding-it\/\">Adani group stock to buy now for an upside of 30%; Are you holding it?<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Adani group stock to buy now for an upside of 30%; Are you holding it?&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/adani-group-stock-to-buy-now-for-an-upside-of-30-are-you-holding-it\/embed\/#?secret=y20cyUxpg3#?secret=lKQ4mkuBmu\" data-secret=\"lKQ4mkuBmu\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><\/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-438368423\"><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>IT Stock engaged in providing IT hardware solutions and equipment, including managing cloud servers, servicing IT equipment, drone &amp; robotic services and many more hit a 5 percent upper circuit upon receiving a new work order worth Rs. 17.43 Crores.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 95.45 Crores, the shares of Slone Infosystems [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105951,"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":[5567,22033,19956,22032,19955,948,936,19957],"class_list":["post-132237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-it-stock","tag-it-stock-hits-5-upper-circuit","tag-slone-infosystems-latest-news","tag-slone-infosystems-new-order","tag-slone-infosystems-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-slone-infosystems-share-price-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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