{"id":140926,"date":"2024-12-18T11:33:41","date_gmt":"2024-12-18T06:03:41","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=140926"},"modified":"2024-12-18T17:09:45","modified_gmt":"2024-12-18T11:39:45","slug":"smallcap-stock-hits-upper-circuit-after-receiving-order-from-govt-of-west-bengal","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-hits-upper-circuit-after-receiving-order-from-govt-of-west-bengal\/","title":{"rendered":"Smallcap stock hits upper circuit after receiving order from Govt. of West Bengal \u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-25458036\"><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 retail chain operators hit 2 percent upper circuit after the company bagged a prestigious work order from the Government of West Bengal worth Rs 20 lakhs.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-807525458\"><!-- 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 600.95 crore, the shares of <strong>Mehai Technology Ltd<\/strong> were trading at Rs 243.20 per share, increasing around 2 percent as compared to the previous closing price of Rs 238.45 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 positive movement after Mehai Technology Ltd received a prestigious work order from the Government of West Bengal&#8217;s Public Health Engineering Directorate, Alipore Division. The project involves the sinking of a 250mm x 150mm diameter, 160-meter deep tubewell using the D.R. Rig method, UPVC pipes, and pre-packed resin-bonded gravel filters. This is for the augmentation of the Shibpur Water Supply Scheme in Block Namkhana under the Kakdwip Sub-Division. The project, valued at \u20b920 lakh, is part of the Jal Jeevan Mission (JJM).&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 zoomed by 167 percent from Rs 3.81 crore in Q2FY24 to Rs 10.17 crore in Q2FY25, and during the same time frame, net profit zoomed by 247 percent from Rs 0.23 crore to Rs 0.80 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1414401808\"><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>Industry outlook:-&nbsp;<\/strong><\/h2><p>Mehai Technology operates within the electric equipment sector, which is currently experiencing robust demand due to increasing investments in infrastructure and renewable energy. This positions the company well for continued growth as these trends persist.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Ratio analysis:-&nbsp;<\/strong><\/h2><p>The company\u2019s critical ratios show that the return on equity decreased from 3.82 percent in FY22-23 to 1.35 percent in FY23-24, while the return on capital employed magnified from 6.24 percent to 4.35 percent. The net profit margin (NPM) for fiscal year 23-24 is 3.87 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, the Promoters of the company own 56.33 percent while Retail shareholders own a 43.67 percent stake in the company and Foreign Institutional Investors own a 0 percent stake.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Profile:-&nbsp;<\/strong><\/h2><p>Mehai Technology Limited is an India-based company, which is specialized in information technology (IT) and IT enabled Services (ITeS) solutions and are committed with cutting edge technology solutions. The Company operates through two segments: Electronic Items, and Trading Activities.\u00a0<\/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-781755966\"><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 retail chain operators hit 2 percent upper circuit after the company bagged a prestigious work order from the Government of West Bengal worth Rs 20 lakhs.&nbsp; With a market capitalization of Rs 600.95 crore, the shares of Mehai Technology Ltd were trading at Rs 243.20 per share, increasing around 2 percent as [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":45293,"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-140926","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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