The shares of an Indian penny stock company involved in the business in the business of Management Consultancy and Project Execution Services in the Power sector in Focus after the company bags orders worth Rs 4 from JSW Energy
The shares of Sharika Enterprises Ltd, with a market capitalization of Rs.83.74 crores on Friday. Its shares are trading at a CMP of Rs 19.34, against the previous closing price of Rs 17.85. The stock had surged by 10 percent from its day’s low of Rs 17.61.
What’s the news
Sharika Enterprises Ltd has secured a significant Power consultancy contract from JSW Energy Limited, valued at Rs 4 crore. The project involves conducting a consultancy study on reactive power, a critical aspect of power quality and grid stability, reflecting Sharika’s growing credibility and technical expertise in the energy sector. This order is a noteworthy addition to the company’s portfolio, reinforcing its position as a reliable engineering and consultancy service provider.
The contract is categorized as a domestic consultancy project and is scheduled for execution with a completion deadline of March 31, 2026. The scope of work will include technical assessments and recommendations related to reactive power management, which plays a vital role in optimizing energy flow and ensuring efficient power distribution within electrical systems.
Sharika Enterprises Ltd is in the business of Management Consultancy & Project Execution Services in the Power sector, primarily in the power and energy sector. Incorporated in 1998 and headquartered in Jammu & Kashmir, the company focuses on offering turnkey solutions, including power system studies, substation automation, installation of transformers, and other power infrastructure projects. It also provides consulting services in areas such as reactive power management, energy efficiency, and smart grid technologies.
Its Revenue from operations has declined by 10.3 percent form Rs 24.46 crs in Q3FY24 to Rs 21.94 in Q3FY25 and the company’s net profits have increased and turned out to be positive during the same period from a loss of Rs 1.88 crores to Rs 0.28 crores
Written BY Likesh Babu S
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