Stock Under Rs 10: Power and Infra Company Hits Upper Circuit for 6 Consecutive Days – Operating Margins at 80 Per cent in Q1 FY25!
FIIs and DIIs collectively hold a 1.33 per cent as per the Q1 FY25 update.
GVK Power & Infrastructure is primarily engaged in providing operation and maintenance services, manpower and consultancy services, and incidental services to owners of power plants, airports, and infrastructure companies.
Today, the company's shares have grabbed significant attention from the stock market participants, leading to an upper circuit in the stock. Furthermore, the shares have been hitting back-to-back upper circuits for the last six days.
At the start of today’s trading session, the GVK Power & Infrastructure stock opened at Rs 6.19 per share, compared to yesterday’s closing figure of Rs 6.07 per share on the BSE. The stock has reached the upper circuit price limit of 5 per share, reflecting strong demand in the market with no sellers willing to offer shares, resulting in potential buyers being unable to make purchases, leading to disappointment among buyers. The company's current market capitalization stands at Rs 977.53 crore.
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As per the Quarterly Results for Q1 FY25, the company reported a revenue from operations of Rs 223.95 crore, compared to Rs 497.17 crore in the previous period. The company’s operating profit stands at Rs 178.09 crore, compared to Rs 449.70 crore, with a margin of 79.52 per cent. The net profit for Q1 FY25 was Rs 4.87 crore, compared to Rs 275.27 crore in the same period last year. Turning attention to the annual performance of the company, it reported a revenue of Rs 1080 crore while the company’s net profit stood at Rs 211 crore in FY24 compared to a profit of Rs 3071 crore.
Regarding the shareholding pattern, the promoters own 54.25 per cent of the company and the public or retail investors hold 44.41 per cent. FIIs and DIIs owns a 0.85 per cent and 0.48 per cent respectively.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.