Penny inventory jumps 16% after receiving work order price ₹ 25.65 Cr for flood early warning system

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Penny which is without doubt one of the main IT Options suppliers specializing in facilitating digital transformation by way of Digitalization, Modernization, Cloudification, Automation, and Intelligence jumped 16 p.c within the day’s commerce upon receiving a piece order price Rs. 25.65 Crores. 

Value Motion 

With a market capitalization of Rs. 356 Crores, the shares of Canary’s Automations Restricted have been buying and selling at Rs. 63 per fairness share, from its earlier day’s shut worth of Rs. 56.40. 

What Occurred 

Canary’s Automations Restricted has obtained a brand new work order from Jalkal Vibhag, Nagar Nigam Gorakhpur, UP, for the Design, Provide, Set up, Commissioning, and Sustaining City Flood Early Warning System together with Related Infrastructure for a interval of 5 Years for a consideration of Rs. 25.65 Crores. 

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In regards to the firm 

Canary’s Automations Restricted is without doubt one of the main IT Options suppliers that focuses on facilitating digital transformation for companies by way of its software program options in Digitalization, Modernization, Cloudification, Automation, and Intelligence. As of June 2024, It has a robust order ebook of Rs. 122 Crores 

The options supplied by the corporate cater to varied business sectors, together with water administration expertise options, BFSI, Retail, Healthcare, Pharmaceutical, and Manufacturing, with a main give attention to enhancing operations, enhancing buyer experiences, and staying aggressive 

Financials and Ratios 

Its Income from operations grew by 0.67 p.c from Rs. 74.52 Crores in FY23 to Rs. 75.02 Crores in FY24, accompanied by earnings of Rs. 8.53 Crores to Rs. 7.99 Crores. 

It has reported a return on fairness (ROE) of 44 p.c, a return on capital employed (ROCE) of 33.5 p.c, and a debt-to-equity ratio of 0.10. 

Written by: Bharath Okay.S

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