Microcap stock engaged in manufacturing and marketing electrical and hydraulic engineering equipment’s jumped 3 percent in the day’s trade upon receiving a new work order worth ~Rs. 15 Crores from Indian Oil Corporation (NS:IOC) Limited.
Price Action (WA:ACT)
With a market capitalization of Rs. 205 Crores, the shares of Jyoti Ltd (BO:JYTI) were trading at Rs. 119.90 per equity share, up 0.93 percent from its previous day’s close price of Rs. 118.80.
Is Jyoti Limited in your watchlist? Do you want to know which stocks should be a part of your portfolio? Access our Advanced Screener feature here
What Happened
Jyoti Limited engaged in manufacturing and marketing electrical and hydraulic engineering equipment, and many more catering to Power, Water, and other sectors, has received a new work order worth Rs. 14.94 Crores from Indian Oil Corporation Limited.
The said work order is for the Supply, installation, testing & Commissioning of High Voltage Switchgear Panels of 6.6 KV and 11 KV at the premises of Indian Oil Corporation Limited Panipat Refinery and it is to be executed by May 2025.
About the Company
Jyoti Limited is engaged in the business of manufacturing and marketing electrical and hydraulic engineering equipment. It also offers the concept to commissioning, designing, and manufacturing a wide range of Pumps and EPC Pumping Systems catering to Power, Water, and other sectors.
Financials
Its Revenue from operations grew by 40.52 percent from Rs. 30.80 Crores in Q1FY24 to Rs. 43.28 Crores in Q1FY25, accompanied by profits of Rs. 0.43 Crores to Rs. 2.04 Crores.
Written by: Bharath K.S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in 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.
The post Stock jumps 3% after receiving work order worth ₹15 Cr from Indian Oil appeared first on Trade Brains.
To understand more about InvestingPro, watch this video: https://www.youtube.com/watch?v=_WfQcN5vjI