{"id":139587,"date":"2024-11-26T12:34:01","date_gmt":"2024-11-26T07:04:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=139587"},"modified":"2024-11-26T16:49:33","modified_gmt":"2024-11-26T11:19:33","slug":"microcap-stock-hits-5-upper-circuit-after-it-inaugurates-manufacturing-facility-in-ahmedabad","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-hits-5-upper-circuit-after-it-inaugurates-manufacturing-facility-in-ahmedabad\/","title":{"rendered":"Microcap stock hits 5% upper circuit after it inaugurates manufacturing facility in Ahmedabad"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-824034034\"><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>Write in 120 words about the engineering and construction sector, its boom post-COVID, huge push by the government to develop infra and road networks in the country.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1404071093\"><!-- 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><p>The engineering, real estate, and construction sector in India has experienced significant growth post-COVID, driven by a massive push from the government to enhance infrastructure development. With an increased focus on improving road networks, urban infrastructure, and transportation systems, the sector has witnessed a boom in projects, particularly under the National Infrastructure Pipeline (NIP) and the Bharatmala Pariyojana. Government initiatives such as the Atmanirbhar Bharat and enhanced budgetary allocations for infrastructure have fueled this growth.&nbsp;<\/p><p>The construction of highways, smart cities, and industrial corridors has attracted significant private investments and public-private partnerships. This surge in infrastructure spending is expected to further accelerate the sector\u2019s growth, create jobs, and drive long-term economic development, positioning India as a leader in infrastructure expansion globally.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share Price<\/strong><\/h2><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/526961\" target=\"_blank\" rel=\"noreferrer noopener\">Last Mile Enterprises<\/a><\/strong> are trading at Rs. 431, up 4.29% from its previous close of Rs. 410.7 as of November 26, 2024. The stock touched an intraday high of Rs. 431.2.<\/p><div class=\"trade-content_5\" id=\"trade-2259099155\"><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 Updates<\/strong><\/h2><p>Damson Technologies (Subsidiary of Last Mile Enterprises) Inaugurates Advanced Manufacturing Facility in Ahmedabad, Gujarat<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Investment Overview<\/strong><\/h2><p>Damson Technologies, a subsidiary of Last Mile Enterprises Limited, has proudly inaugurated its state-of-the-art manufacturing facility in Ahmedabad, Gujarat. This facility represents a landmark investment of INR 200 crore, spread across three phases, underscoring the company\u2019s commitment to the \u2018Make in India\u2019 initiative.&nbsp;<\/p><p>The investment breakdown includes INR 30 crore for optimizing the manufacturing process, INR 60 crore for advanced machinery and production technology, and INR 110 crore for infrastructure and factory setup.&nbsp;<\/p><p>This strategic investment aims to elevate Damson Technologies in the competitive smart accessories and lifestyle products market, notably enhancing its flagship brand, JUST CORSECA, and enabling manufacturing for other leading accessory brands in India.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Production Capacity and Expansion Plans<\/strong><\/h2><p>The new Ahmedabad facility will begin operations with six assembly lines, with an initial production capacity of 3 lakh units per month. As the demand for its products grows, the facility will scale up in phases, reaching 20 assembly lines in phase 3, with a target of 10 lakh units per month. This expansion is designed to meet both domestic and international demand, with a projected revenue of INR 500 crore in the upcoming fiscal year.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Future Outlook<\/strong><\/h2><p>With this advanced manufacturing setup, Damson Technologies is poised to capture 3-4% of the market share in mobile accessories and personal audio sectors. This move aligns with the company\u2019s broader growth strategy and revenue goals, solidifying its position as a leader in the smart accessories industry. The Ahmedabad facility will play a pivotal role in achieving Damson\u2019s ambitious objectives and fostering innovation in the sector.<\/p><div class=\"trade-content-10\" id=\"trade-3785172245\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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<\/strong><\/h2><p>Incorporated in 1994, Last Mile Enterprises Ltd. is recognized as a prominent player in the construction and engineering sectors. Initially, the company was involved in trading and investing in shares and securities, but it has since shifted its focus to infrastructure development and real estate projects. Over the years, Last Mile has established a strong reputation for delivering large-scale infrastructure solutions.&nbsp;<\/p><p>The company is actively engaged in developing residential, commercial, and mixed-use properties. With a strong emphasis on innovation and sustainability, Last Mile aims to make a significant contribution to India\u2019s growing infrastructure and real estate sectors. Its extensive experience and robust track record position it as a key player in shaping India&#8217;s urban landscape.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By: Dipangshu Kundu<\/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-2459310386\"><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>Write in 120 words about the engineering and construction sector, its boom post-COVID, huge push by the government to develop infra and road networks in the country. The engineering, real estate, and construction sector in India has experienced significant growth post-COVID, driven by a massive push from the government to enhance infrastructure development. With an [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"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-139587","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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Microcap stock hits 5% upper circuit after it inaugurates manufacturing facility in Ahmedabad - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Write in 120 words about the engineering and construction sector, its boom post-COVID, huge push by the government to develop infra and road networks in the country.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/microcap-stock-hits-5-upper-circuit-after-it-inaugurates-manufacturing-facility-in-ahmedabad\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microcap stock hits 5% upper circuit after it inaugurates manufacturing facility in Ahmedabad\" \/>\n<meta property=\"og:description\" content=\"Write in 120 words about the engineering and construction sector, its boom post-COVID, huge push by the government to develop infra and road networks in the country.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/microcap-stock-hits-5-upper-circuit-after-it-inaugurates-manufacturing-facility-in-ahmedabad\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-26T07:04:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-26T11:19:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/microcap-stock-hits-5-upper-circuit-after-it-inaugurates-manufacturing-facility-in-ahmedabad\/\",\"url\":\"https:\/\/tradebrains.in\/features\/microcap-stock-hits-5-upper-circuit-after-it-inaugurates-manufacturing-facility-in-ahmedabad\/\",\"name\":\"Microcap stock hits 5% upper circuit after it inaugurates manufacturing facility in Ahmedabad - 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