{"id":140875,"date":"2024-12-17T12:08:38","date_gmt":"2024-12-17T06:38:38","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=140875"},"modified":"2024-12-17T17:21:17","modified_gmt":"2024-12-17T11:51:17","slug":"stock-jumped-5-after-securing-order-worth-105-cr-from-prestige-estates-projects","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumped-5-after-securing-order-worth-105-cr-from-prestige-estates-projects\/","title":{"rendered":"Stock jumped 5% after securing order worth \u20b9105 Cr from Prestige Estates Projects"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3768328706\"><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>The shares of the tiles manufacturer gained up to 5 percent from intraday high after the company secured a significant order from Prestige Estates Projects Limited worth Rs 105 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3811531513\"><!-- 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>With a market capitalization of Rs 1,026.51 crore, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/NITCO\" target=\"_blank\" rel=\"noreferrer noopener\">Nitco Ltd <\/a><\/strong>were trading at Rs 142.85 per share, increasing around 2 percent as compared to the previous closing price of Rs 140.55 apiece.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for rise:-&nbsp;<\/strong><\/h2><p>The shares of the company have seen a bullish movement after Nitco Ltd has received a major order from Prestige Estates Projects Limited for the supply of tiles, marble, and mosaic. This order contains Rs. 105.40 crore in orders, and based on existing active projects, the estimated PO till March 2025 is Rs. 104 crore.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial performance:-&nbsp;<\/strong><\/h2><p>Examine the company&#8217;s financial condition, revenue dipped by 19 percent from Rs 81 crore in Q2FY24 to Rs 66 crore in Q2FY25, and during the same time frame, net loss magnified by 9 percent from Rs 32 crore to Rs 35 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-455455197\"><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>Ratio analysis:-&nbsp;<\/strong><\/h2><p>The company&#8217;s critical ratios show that the return on assets decreased from (18.49) percent in FY22-23 to (22.31) percent in FY23-24, while the return on capital employed decreased from 37.86 percent to 20.53 percent. The net profit margin (NPM) for fiscal year 23-24 is (50.11) percent.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Shareholding pattern:-&nbsp;<\/strong><\/h2><p>In the company\u2019s recent shareholding pattern, Promoter and Domestic Institutional Investors own 46.78 percent and 0.02 percent stakes while Retail shareholders own a 43.96 percent stake in the company and foreign Institutional Investors own a 0.85 percent stake.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company profile:-&nbsp;<\/strong><\/h2><p>NITCO Limited is engaged in the tiles and marble business. The Company operates through two segments: Tiles and related products and Real Estate. The Company offers wall tiles, floor tiles, marble, and mosaico. The Company&#8217;s products include Glazed Vitrified Tiles, Vitrified DCH, Vitrified Heavy Duty, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh&nbsp;<\/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-4116697051\"><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>The shares of the tiles manufacturer gained up to 5 percent from intraday high after the company secured a significant order from Prestige Estates Projects Limited worth Rs 105 crore.&nbsp; With a market capitalization of Rs 1,026.51 crore, the shares of Nitco Ltd were trading at Rs 142.85 per share, increasing around 2 percent as [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":16312,"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-140875","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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