{"id":92662,"date":"2023-02-28T12:55:00","date_gmt":"2023-02-28T07:25:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=92662"},"modified":"2023-02-28T13:44:27","modified_gmt":"2023-02-28T08:14:27","slug":"lic-backed-stock-hits-upper-circuit-as-it-plans-to-invest-rs-1000-cr-on-solar-glass-manufacturing","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/lic-backed-stock-hits-upper-circuit-as-it-plans-to-invest-rs-1000-cr-on-solar-glass-manufacturing\/","title":{"rendered":"LIC-backed stock hits upper circuit as it plans to invest Rs 1,000 Cr on solar glass manufacturing\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3517743577\"><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>Triveni Glass Limited remained in focus on Tuesday after the company announced its plans to invest Rs 1,000 crore to set up an 840-tonne-a-day solar glass manufacturing plant. The company will set up the plant in Andhra Pradesh which is set to create around 2,000 jobs in the state.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2444581464\"><!-- 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>On the news, the shares of Triveni Glass hit an upper circuit of 5 percent at Rs 22.60 levels in the early hours of Tuesday. In the past six months, the stock has shed approximately 8 percent however, on a yearly basis, the stock has logged a return of 31 -percent.&nbsp;<\/p><p>Triveni Glass Ltd is engaged in the manufacturing of laminated safety glasses for automobiles and all types of flat glasses. Further, the company has also ventured into the real-estate business with the construction and restoration of multistoried residential buildings at the old factory site.&nbsp;<\/p><p>In Q3FY23, the company reported a total revenue of Rs 1.58 Crore which jumped multi-folds compared to Rs 6.97 lakhs in the same period the year earlier. On a Quarterly basis, their revenue declined from Rs 2.59 Crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2567166433\"><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>Their net profit in the period stood at Rs 11.36 Crore as compared to a loss of Rs 9.60 Crore. In the previous quarter, their profits stood at Rs 7.63 Crores.&nbsp;<\/p><p>The micro-cap company has a market capitalization of Rs 28 Crores. It must be noted that the promoters of the company hold only a 5.42 percent stake while the majority 88.14 percent is held by the public. However, the Life Insurance Corporation Of India holds a 3.38 percent stake.&nbsp;<\/p><p><strong>Written by Anoushka Roy<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-408663716\"><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>Triveni Glass Limited remained in focus on Tuesday after the company announced its plans to invest Rs 1,000 crore to set up an 840-tonne-a-day solar glass manufacturing plant. The company will set up the plant in Andhra Pradesh which is set to create around 2,000 jobs in the state.&nbsp; On the news, the shares of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":27191,"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-92662","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>LIC-backed stock hits upper circuit as it plans to invest Rs 1,000 Cr on solar glass manufacturing\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On the news, the shares of the company hit an upper circuit of 5 percent at Rs 22.60 levels in the early hours of Tuesday. 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