{"id":139065,"date":"2024-11-18T15:18:41","date_gmt":"2024-11-18T09:48:41","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=139065"},"modified":"2024-11-18T16:06:50","modified_gmt":"2024-11-18T10:36:50","slug":"penny-stock-hits-upper-circuit-after-receiving-51-cr-order-for-agricultural-products","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-receiving-51-cr-order-for-agricultural-products\/","title":{"rendered":"Penny stock hits upper circuit after receiving \u20b951 Cr order for agricultural products"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1487794232\"><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>Penny stock engaged in the business of trading agriculture products and other related materials hit a 2 percent upper circuit in the day\u2019s trade upon receiving work orders worth Rs. 51 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3664130430\"><!-- 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\"><strong>Price Action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 95 Crores, the shares of<strong> Mercury Trade Links Limited<\/strong> hit a 2 percent upper circuit in the day\u2019s trade at Rs. 69.38 per equity share, from its previous day\u2019s close price of Rs. 68.02.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Mercury Trade Links Limited has entered into a strategic supply contract agreement with Rajgor Proteins Limited and Rajgor Agro Limited for the supply of multiple agricultural commodities for a consideration of Rs. 51 Crores.&nbsp;<\/p><p>As per the agreement Mercury Trade Links Limited will supply 3000 Metric Tons (MT) of Castor Seeds, 1400 Metric Tons (MT) of Chana, 1700 Metric Tons (MT) of Guar Seeds, and 3000 Metric Tons (MT) of Mustard Seeds to Rajgor Agro Limited.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4156311060\"><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 delivery of these goods is scheduled to be completed within a three-month period, it represents a significant milestone for Mercury Tradelinks Limited as it looks to strengthen its position in the competitive Indian agricultural market and expand its market presence and financial standing across key agricultural segments.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Mercury Trade Links Limited is engaged in the business of trading, exporting, and importing agriculture products and other related materials like fertilizers, manures, plant or animal foods, insecticides, herbicides, rice, maize, milo, seeds, and many other commodities.&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 116 percent YoY from Rs. 3.99 Crores in Q2FY24 to Rs. 8.63 Crores in Q2FY25, accompanied by profits of Rs. 39 Lakhs to Rs. 76 Lakhs.&nbsp;<\/p><p>In terms of Return ratios, it has reported a return on equity (ROE) of 19.2 percent and a return on capital employed (ROCE) of 23.6 percent. It has reported a debt-to-equity ratio of 0.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Written by: Bharath K.S<\/p><\/blockquote><h2 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h2><div class=\"wp-block-image\"><figure class=\"aligncenter\"><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&nbsp;<a href=\"https:\/\/tradebrains.in\/\">tradebrains.in<\/a>&nbsp;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-2964354849\"><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>Penny stock engaged in the business of trading agriculture products and other related materials hit a 2 percent upper circuit in the day\u2019s trade upon receiving work orders worth Rs. 51 Crores.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 95 Crores, the shares of Mercury Trade Links Limited hit a 2 percent upper circuit [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104820,"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-139065","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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