{"id":134635,"date":"2024-09-27T12:02:26","date_gmt":"2024-09-27T06:32:26","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=134635"},"modified":"2024-09-27T17:32:49","modified_gmt":"2024-09-27T12:02:49","slug":"stock-jumps-after-receiving-supply-order-from-renault-group-for-tool-kits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-after-receiving-supply-order-from-renault-group-for-tool-kits\/","title":{"rendered":"Stock jumps after receiving supply order from Renault group for tool kits"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3169006088\"><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 this micro-cap Industrial Tool Kit supplier rose 2.55% in Friday trading session after it received an order to supply tool kits to Renault Group.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-479847954\"><!-- 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 variations:&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 211.00 crores, the shares of <strong>De Neers Tools Limited <\/strong>opened the trading session at Rs. 240 about 2.14% above the previous day&#8217;s close of Rs. 234.95, and went up to make an intraday high of Rs. 240.95, which is 2.55% above the previous day close. At 11:35 am the share was trading at Rs. 234.30 per share.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for Rise:&nbsp;<\/strong><\/h2><p>As per the exchange filings De Neers Tools Limited has received an order from Renault Group, a mainstream automotive company for the supply of 30,000 tool kits for an undisclosed amount. The delivery of the toolkits is scheduled between September 2024 and October 2024.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance:&nbsp;<\/strong><\/h2><p>For FY24 the company reported a net profit increase of 24.83% to Rs. 8.66 crores compared to net profit of Rs. 6.94 crores in FY23, while revenue from operations increased by 15.51% to Rs. 109.8 crores from Rs. 95.05 crores in comparison to the same period. Company has a ROE of 30.68% and ROCE of 14.35% in FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3809273388\"><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>Recent Developments&nbsp;<\/strong><\/h2><p>In May, the company expanded its presence into Dubai by incorporating a wholly owned subsidiary, Deneers Tools Trading L.L.C.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company:&nbsp;<\/strong><\/h2><p>Incorporated in 1952, De Neers Tools Limited supplies industrial tools and is one of the few key players in the hand tool industry as per the industry report of CareEdge. The company has a dealer network of over 300 dealers across India.&nbsp;<\/p><p>Its product portfolio includes Steel Hand Tools, Stainless Steel Tools, Non-Sparking Tools, Insulated Tools, Tool Kits, Toolboxes, and Trolleys. The client base features top companies such as Polycab, Havells, Indian Railways, Indian Oil, Eicher, and Tata Steel.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By<\/strong>: <strong>Joseph Pv<\/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-4038500147\"><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 this micro-cap Industrial Tool Kit supplier rose 2.55% in Friday trading session after it received an order to supply tool kits to Renault Group.&nbsp; Share price variations:&nbsp; With a market capitalization of Rs. 211.00 crores, the shares of De Neers Tools Limited opened the trading session at Rs. 240 about 2.14% above [&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-134635","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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