{"id":136565,"date":"2024-10-16T14:41:29","date_gmt":"2024-10-16T09:11:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=136565"},"modified":"2024-10-16T15:45:43","modified_gmt":"2024-10-16T10:15:43","slug":"stock-jumps-8-after-receiving-work-order-worth-21-80-cr-for-mice-event-in-switzerland","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-8-after-receiving-work-order-worth-21-80-cr-for-mice-event-in-switzerland\/","title":{"rendered":"Stock jumps 8% after receiving work order worth \u20b921.80 Cr for MICE event in Switzerland"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2081239835\"><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>Recently listed stock engaged in offering a comprehensive range of customized services for the MICE events sector, jumped upto 8 percent in the day\u2019s trade upon receiving new work order for operations in Switzerland worth Rs. 21.80 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1858467815\"><!-- 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. 510 Crores, the shares of <strong>Mach Conferences and Events Limited<\/strong> were trading at Rs. 242.45 per equity share, up 5.3 percent from its previous day\u2019s close price of Rs. 230.15.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Mach Conferences and Events Limited has received a new work order for providing its services in organizing an International MICE (Meetings, Incentives, Conferences, Exhibitions) program in Switzerland between 13th-18th December 2024 for 820 people for a consideration of Rs. 21.80 Crores.&nbsp;<\/p><p>This project underlines Mach Conferences and Events Limited\u2019s position as forward-looking, future-ready organization, dedicated to revolutionizing the MICE industry through exceptional execution, expertise in crafting tailored experiences, from conceptualization to logistics, to ensure impactful events that meet the clients&#8217; objectives, leveraging innovative design, cost-effective management, and efficient operations.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4233686159\"><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>About the Company&nbsp;<\/strong><\/h2><p>Mach Conferences and Events Limited is engaged in offering a comprehensive range of customized services for the MICE (Meetings, Incentives, Conferences, Exhibitions) and events sector.&nbsp;<\/p><p>It specializes in conference management, exhibition management and global event Planning, and also takes care of all logistical aspects of events at specific destinations. This includes venue selection, accommodation, transportation logistics, local activities and on-site coordination.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials and Ratios&nbsp;<\/strong><\/h2><p>As per the latest data available since its recent listing, in FY24, from revenue from operations, it has generated Rs. 237 Crores, accompanied by profits of Rs. 26 Crores.&nbsp;<\/p><p>In terms of Return ratios, it has reported a return on equity (ROE) of 52.88 percent and a return on capital employed (ROCE) of 58.63 percent. It has maintained a debt-to-equity ratio of 0.25.<\/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><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-3696818444\"><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>Recently listed stock engaged in offering a comprehensive range of customized services for the MICE events sector, jumped upto 8 percent in the day\u2019s trade upon receiving new work order for operations in Switzerland worth Rs. 21.80 Crores.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 510 Crores, the shares of Mach Conferences and Events [&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-136565","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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