{"id":135872,"date":"2024-10-10T13:21:56","date_gmt":"2024-10-10T07:51:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=135872"},"modified":"2024-10-10T16:36:12","modified_gmt":"2024-10-10T11:06:12","slug":"stock-hits-5-upper-circuit-after-it-announces-43-cr-capex-for-expansio","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-it-announces-43-cr-capex-for-expansio\/","title":{"rendered":"Stock hits 5% upper circuit after it announces \u20b943 Cr capex for expansion\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2003355260\"><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 micro-cap company, which supplies construction equipment to service industrial sectors, touched 5% upper circuit following the purchase of two new 150 MT crawler cranes, valued at Rs. 7.00 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3695140542\"><!-- 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. 270.48 crores, <strong>Crown Lifters Limited <\/strong>touched the 5% upper circuit of Rs. 243.22, from its previous close of Rs. 231.64 per share.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for the Rise:&nbsp;<\/strong><\/h2><p>According to exchange filings, <strong>Crown Lifters Limited <\/strong>has placed an order for two 150 MT crawler cranes with a total purchase value of Rs. 7.00 crore from Maharashtra. The delivery of both cranes is anticipated by mid-October. These cranes have been pre-booked by Ultratech Cement Ltd. and ArcelorMittal Nippon Steel India for their operational needs. This purchase brings the company&#8217;s total capital expenditure on cranes for the current financial year to Rs. 43 crore.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Updates:&nbsp;<\/strong><\/h2><p>In July, Crown Lifters Limited acquired a 400 MT crawler crane, and in late May, the company purchased two units each of 260 MT and 100 MT crawler cranes.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2959433899\"><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>Financial Performance:&nbsp;<\/strong><\/h2><p>For Q1FY25 the company reported a net profit of Rs. 10.96 crore compared to Rs. 1.17 crore in Q1FY24, while revenue from operations marked an increase of 50.5% to Rs. 7.63 crore from Rs. 5.07 crore in comparison to the same period. The share has given a multi-bagger return of 107% on a year-to-date basis.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company:&nbsp;<\/strong><\/h2><p>Incorporated in 2002, Crown Lifters Limited is a professional crane hiring company, operating as one of the preferred suppliers of construction equipment servicing all industrial sectors, and is engaged in trading and renting cranes. The company provides services to sectors such as industries, infrastructure, and energy, as well as buildings and factories.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By<\/strong> <strong>Joseph Pv\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-2273116405\"><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 micro-cap company, which supplies construction equipment to service industrial sectors, touched 5% upper circuit following the purchase of two new 150 MT crawler cranes, valued at Rs. 7.00 crore.&nbsp; Share price variations:&nbsp; With a market capitalization of Rs. 270.48 crores, Crown Lifters Limited touched the 5% upper circuit of Rs. 243.22, 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":[4865,31,13525],"tags":[],"class_list":["post-135872","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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