{"id":132886,"date":"2024-09-06T14:48:53","date_gmt":"2024-09-06T09:18:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=132886"},"modified":"2024-09-06T14:49:54","modified_gmt":"2024-09-06T09:19:54","slug":"stock-hits-10-after-receiving-order-to-construct-formulation-facility-in-vadodara-gujarat","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-10-after-receiving-order-to-construct-formulation-facility-in-vadodara-gujarat\/","title":{"rendered":"Stock hits 10% upper circuit after receiving order to construct formulation facility\u00a0in Vadodara, Gujarat"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2022039676\"><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 primarily engaged in providing civil construction services, including a range of general contracting and project management services, hit a 10 percent upper circuit in the day\u2019s trade upon receiving a new work order worth Rs. 14.50 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3349602867\"><!-- 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. 53.03 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/522231\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Conart Engineers Limited<\/a><\/strong> hit a 10 percent upper circuit in the day\u2019s trade at Rs. 168.90 per equity share, from its previous day\u2019s close price of Rs. 153.55. It has delivered a return of 250 percent in a year.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Conart Engineers Limited has announced that it has received a new work order for the Construction of formulation facility of Apothecon Pharmaceutical Pvt Ltd. Vadodara for a consideration of Rs. 14.50 Crores and it will be completed within 11 months.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Conart Engineers Limited is primarily engaged in providing civil construction services, including a range of general contracting and project management services for industrial, commercial, and residential construction projects. It serves sectors such as heavy machinery, pharmaceuticals, chemicals, textiles, and education.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3871859643\"><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>Its general contracting services and project management services include cost monitoring and control, schedule development and control, subcontractor management, field engineering, cost estimating, change order evaluation, technology services, quality management\/field inspections, and many others&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials &amp; Ratios&nbsp;<\/strong><\/h2><p>Its Revenue from operations grew by 37.76 percent YoY from Rs. 35.49 Crores in FY23 to Rs. 48.89 Crores in FY24, accompanied by profits of Rs. 1.97 Crores to Rs. 3.08 Crores.&nbsp;<\/p><p>In terms of Return ratios, it has reported a return on equity (ROE) of 10.4 percent and a return on capital employed (ROCE) of 11.6 percent. It has reported a debt-to-equity ratio of 0.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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-1407161529\"><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 primarily engaged in providing civil construction services, including a range of general contracting and project management services, hit a 10 percent upper circuit in the day\u2019s trade upon receiving a new work order worth Rs. 14.50 Crores.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 53.03 Crores, the shares of Conart Engineers Limited [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":117840,"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":[19633,19634,19632,948,936,22267],"class_list":["post-132886","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-conart-engineers-latest-news","tag-conart-engineers-new-order","tag-conart-engineers-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-conart-engineers-share-price-increasing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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