{"id":140086,"date":"2024-12-04T11:49:56","date_gmt":"2024-12-04T06:19:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=140086"},"modified":"2024-12-04T11:50:00","modified_gmt":"2024-12-04T06:20:00","slug":"stock-hits-20-upper-circuit-after-receiving-order-worth-147-cr-from-reliance-group","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-20-upper-circuit-after-receiving-order-worth-147-cr-from-reliance-group\/","title":{"rendered":"Stock hits 20% upper circuit after receiving order\u00a0worth \u20b9147 Cr from Reliance Group"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3686633611\"><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>Telecom stock engaged in providing telecom support services and solutions to address Network Survey, Planning, Installation, Commissioning, and many more hits 20 percent upper circuit in the day\u2019s trade upon receiving work order worth Rs. 147 Crores Reliance Jio.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2855055364\"><!-- 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. 150 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/543622\" target=\"_blank\" rel=\"noreferrer noopener\">Steelman Telecom Limited<\/a><\/strong> hit a 20 percent upper circuit at Rs. 154.80 per equity share, from its previous day\u2019s close price of Rs. 129.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>Steelman Telecom Limited has secured a new work order from Reliance Projects &amp; Property Management Services Limited (Jio) for the Maintenance of indoor small cell, indoor, and outdoor WiFi Enterprise UBR (Universal Broadband Radio) sites for a consideration of Rs. 147 Crores for 3 years.&nbsp;<\/p><p>It involves providing a frontend, backend, and supervisor team to maintain indoor small cell and indoor and outdoor WiFi Enterprise UBR sites, as directed by the engineer-in-charge (EIC) team consisting of Diploma Engineers cum Riggers. It will be provided with necessary tools and equipment, including conveyance, tools and tackles, mobile usage, and Personal Protective Equipment (PPE), as per the requirements.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4251674618\"><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>Steelman Telecom Limited is engaged in providing highly skilled services to telecom operators and OEMs. It offers support services and solutions for network maintenance to address Network Survey, Planning, Installation and Commissioning, Network Testing and Optimization, Network Solutions, and Managed Services.&nbsp;<\/p><p>Its services involve Telecom Implementation Services, Radio Frequency Services, Engineering Procurement Construction Management, Managed Services (MS), Payroll &amp; Resource Management, and New Generation Technology.&nbsp;<\/p><p>The company\u2019s service users are Tower Owners, Telecom Operators, Broadband Service Providers, and Equipment Manufacturers like BSNL, Indus Tower, Airtel, Power Grid, and many others.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>Its revenue from operations declined by 2 percent from Rs. 104 Crores in H1FY24 to Rs. 102 Crores in H1FY25, accompanied by losses of Rs. 6 Crores to Rs. 10 Crores.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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-434446484\"><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>Telecom stock engaged in providing telecom support services and solutions to address Network Survey, Planning, Installation, Commissioning, and many more hits 20 percent upper circuit in the day\u2019s trade upon receiving work order worth Rs. 147 Crores Reliance Jio.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 150 Crores, the shares of Steelman Telecom Limited [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24367,"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":[31,1789],"tags":[25118,15228,25121,25119,948,936,3157],"class_list":["post-140086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-reliance-group-order","tag-steelman-telecom","tag-steelman-telecom-latest-news","tag-steelman-telecom-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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