Stock under Rs 100: This microcap has bagged an order from Adani Green Energy Six after which the stock has zoomed over 5 per cent!

Promoter shareholding stayed the same in the most recent quarter at 73.20 per cent. Promoter pledges are zero

Incorporated in 2014, Viviana Power Tech Limited is engaged in the business of power transmission, distribution and industrial EPC space projects (Engineering, procurement and construction).  

The stock of Vivivana Power Tech is seen frying all cylinders in Tuesday’s session as it has surged more than 5 per cent and the catalyst for this strong move in the stock is that the company has bagged order for execution of 33KV DPDC Transmission Line (20 kms) in Naranpur, Gujarat from M/s Adani Green Energy Six Limited.   

The annual net profit of the company rose by 194.5 per cent in the last year. The sector’s average net profit growth for the last fiscal year was 46.92 per cent. Debt to equity ratio is less than one and this implies that its assets are financial, mainly through equity. Promoter shareholding stayed the same in the most recent quarter at 73.20 per cent. Promoter pledges are zero.   

Earlier in the month of November as well the company bagged order for execution of 33KV DPDC Transmission Line (9 RKM) for 69 MW from M/s. ReNew Solar Energy (Jharkhand One) Private Limited, Delhi.