{"id":132799,"date":"2024-09-05T16:32:30","date_gmt":"2024-09-05T11:02:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=132799"},"modified":"2024-09-05T16:35:44","modified_gmt":"2024-09-05T11:05:44","slug":"newly-listed-stock-jumps-8-after-it-inaugurates-new-manufacturing-plant-in-ap","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/newly-listed-stock-jumps-8-after-it-inaugurates-new-manufacturing-plant-in-ap\/","title":{"rendered":"Newly listed stock jumps 8% after it inaugurates new manufacturing plant\u00a0in AP"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2864140880\"><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>Shares of a newly listed company specializing in turnkey pre-engineered steel construction surged nearly 8 percent to Rs.1,218.85 per share after inaugurating a new plant, increasing capacity by 20,000 MT.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1412754036\"><!-- 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 Movement&nbsp;<\/strong><\/h2><p>In Thursday\u2019s trading session, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/INTERARCH\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Interarch Building Products Ltd\u2019s<\/a><\/strong> share price surged 7.66 percent to an intra-day high of Rs.1,218.85 per share from its previous close of Rs.1,132.15 apiece. The price has since retreated and is currently trading at Rs.1,186.55 per share. Interarch was recently listed on August 26, 2024, on the BSE and NSE.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What happened&nbsp;<\/strong><\/h2><p>The uptick in the company\u2019s share price occurred after it inaugurated phase 1 of its 5 state-of-the-art pre-engineered steel (PEB) manufacturing plants, marking the 4th fully integrated unit in Attivaram, Andhra Pradesh.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong>: <strong><a href=\"https:\/\/tradebrains.in\/features\/hidden-gem-defence-stock-that-manufactures-bulletproof-jackets-and-helmets-for-indian-army\/\" target=\"_blank\" rel=\"noreferrer noopener\">Hidden Gem: Defence stock that manufactures bulletproof jackets and helmets for Indian Army<\/a><\/strong><\/p><\/blockquote><p>The company stated that this manufacturing facility is equipped with the latest technology and can produce PEB structures, along with pre-engineered metal roofing and cladding systems.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2922626746\"><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 investment for phase 1, funded through internal accruals, will enhance Interarch&#8217;s installed capacity by 20,000 MT per year. The total project cost amounted to Rs.95 crore.&nbsp;<\/p><p>Over two phases, the plant is expected to increase capacity by 60,000 MT per year, ultimately bringing the total annual capacity to 2 lakh MT.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary<\/strong><strong>&nbsp;<\/strong><\/h2><p>Mr. Arvind Nanda, Managing Director, and Mr. Gautam Suri, Whole Time Director, Interarch Building Products Limited, commented on the achievement, stating \u201cWe are excited to announce the inauguration of our fifth PEB manufacturing unit in Attivaram, AP, marking a key milestone in our strategic expansion.&nbsp;<\/p><p>This new facility enhances our geographical reach and reinforces our commitment to innovation, quality, and sustainability. We look forward to contributing to the region&#8217;s economic development and meeting the growing demand with excellence.\u201d&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance&nbsp;<\/strong><\/h2><p>In its most recent financial update, the company reported revenue from operations of Rs.1,293 crore for FY2024, up 15 percent from Rs.1,124 crore in FY2023. Net profit for the year was Rs.86 crore, marking a 6.17 percent increase from Rs.81 crore in the previous year.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also read<\/strong>: <strong><a href=\"https:\/\/tradebrains.in\/features\/solar-energy-stock-hits-20-upper-circuit-after-receiving-order-for-supply-of-8085-solar-pumps\/\" target=\"_blank\" rel=\"noreferrer noopener\">Solar energy stock hits 20% upper circuit after receiving order for supply of 8,085 solar pumps<\/a><\/strong>\u00a0<\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview&nbsp;<\/strong><\/h2><p>Interarch is one of the leading turnkey pre-engineered steel construction solution providers in India with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings.<\/p><div class=\"trade-content-10\" id=\"trade-2482841627\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong><em>Written by &#8211; Siddesh S Raskar&nbsp;<\/em><\/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-2875781610\"><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>Shares of a newly listed company specializing in turnkey pre-engineered steel construction surged nearly 8 percent to Rs.1,218.85 per share after inaugurating a new plant, increasing capacity by 20,000 MT.&nbsp; Share Price Movement&nbsp; In Thursday\u2019s trading session, Interarch Building Products Ltd\u2019s share price surged 7.66 percent to an intra-day high of Rs.1,218.85 per share from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"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":[22249,22250,22248,948,936],"class_list":["post-132799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-interarch-building-products-latest-news","tag-interarch-building-products-new-plant","tag-interarch-building-products-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) - 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