{"id":90831,"date":"2023-02-17T12:00:00","date_gmt":"2023-02-17T06:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=90831"},"modified":"2023-02-17T12:49:01","modified_gmt":"2023-02-17T07:19:01","slug":"micro-cap-stock-gains-13-8-after-winning-an-order-from-greater-chennai-corporation","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/micro-cap-stock-gains-13-8-after-winning-an-order-from-greater-chennai-corporation\/","title":{"rendered":"Micro Cap stock gains 13.8% after winning an order from Greater Chennai Corporation\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3678966734\"><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 RPP Infra Projects, a microcap company rallied 13.83% on Friday\u2019s early trades to reach an intraday high of \u20b9 46.50 apiece on the National Stock Exchange (NSE). Its shares were trading at \u20b9 44.60, up 9.18% apiece at 11:33 AM.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3808562194\"><!-- 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>RPP Infra Projects Ltd. (RIPL) is engaged in the construction of roads, buildings, industrial structures, power, irrigation and waste management.&nbsp;<\/p><p>The company informed the bourses that it has received a letter of acceptance for a new order for the construction of Integrated Storm Water Drain Works in M1 &amp; M2 components in the Kovalam Basin in expanded areas in the Greater Chennai Corporation Package 8, covering various streets of zone 14 for the contract price of \u20b9 59.92 crores. This order is expected to be completed within 24 months from the appointed date.&nbsp;<\/p><p>RIPL is a micro-cap stock with a market capitalization of 154 crores. It has a low return on equity of 1.72%, but an ideal debt-to-equity ratio of 0.31. The company\u2019s shares were trading at a price-to-earnings ratio (P\/E) of 75.07, which is significantly higher than the industry P\/E of 9.05, indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-913743269\"><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><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3302803592\"><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 RPP Infra Projects, a microcap company rallied 13.83% on Friday\u2019s early trades to reach an intraday high of \u20b9 46.50 apiece on the National Stock Exchange (NSE). Its shares were trading at \u20b9 44.60, up 9.18% apiece at 11:33 AM.&nbsp; RPP Infra Projects Ltd. (RIPL) is engaged in the construction of roads, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":26353,"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],"tags":[],"class_list":["post-90831","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"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>Micro Cap stock gains 13.8% after winning an order from Greater Chennai Corporation\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company informed the bourses that it has received a letter of acceptance for a new order for the construction of Integrated Storm Water Drain Works in M1 &amp; M2 components in the Kovalam Basin in expanded areas in the Greater Chennai Corporation Package 8, covering various streets of zone 14 for the contract price of \u20b9 59.92 crores. This order is expected to be completed within 24 months from the appointed date.\u00a0\" \/>\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\/micro-cap-stock-gains-13-8-after-winning-an-order-from-greater-chennai-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Micro Cap stock gains 13.8% after winning an order from Greater Chennai Corporation\u00a0\" \/>\n<meta property=\"og:description\" content=\"The company informed the bourses that it has received a letter of acceptance for a new order for the construction of Integrated Storm Water Drain Works in M1 &amp; M2 components in the Kovalam Basin in expanded areas in the Greater Chennai Corporation Package 8, covering various streets of zone 14 for the contract price of \u20b9 59.92 crores. 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