Penny inventory jumps 7% after receiving an order value ₹ 12.75 Cr from Truth Buying and selling Co

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Penny inventory engaged within the manufacturing, buying and selling, and distribution of a variety of commercial chemical substances, energetic pharmaceutical elements, and plenty of extra jumped upto 7 p.c upon receiving an order value Rs. 12.75 Crores. 

With a market capitalization of Rs. 27.56 Crores, the shares of Dipna Pharmachem Restricted have been buying and selling at Rs. 11.05, up 6.76 p.c from its earlier day’s shut value of Rs. 10.35. 

Dipna Pharmachem Restricted has obtained a gross sales order value Rs. 12.75 Crores from Truth Buying and selling Co., Morbi to ship high-quality Melamine powder. Melamine powder is utilized in melamine dinnerware, thermosetting plastics, glues, adhesives, laminates, and plenty of extra. 

Dipna Pharmachem Restricted is engaged within the manufacturing, buying and selling, and distribution of a variety of commercial chemical substances, energetic pharmaceutical elements, solvents, formulations, pharmaceutical uncooked supplies, and plenty of extra. 

Its income from operations grew by 37.46 p.c from Rs. 73 Crores in Q3FY23 to Rs. 100 Crores in Q3FY24, and it has generated Rs. 1 Crore revenue in each years. 

It has reported a return on fairness (ROE) of 6.97 p.c and a return on capital employed (ROCE) of 9 p.c, it’s making first rate returns on its fairness and capital employed. 

Word: Because of the illiquidity of penny shares, the inventory can hit its assigned circuit ranges with only a minor improve within the quantity of trades. Even when the inventory costs are throughout the typical shopping for vary for the traders and supply monumental potential earnings, penny shares are fairly harmful for retail traders. 

Written by: Bharath Ok.S 

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