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


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. 

Be aware: If you wish to study Candlesticks and Chart Buying and selling from Scratch, right here’s the perfect ebook out there on Amazon! Get the ebook now!

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


The views and funding suggestions expressed by funding specialists/broking homes/ranking businesses on are their very own, and never that of the web site or its administration. Investing in equities poses a danger of economic losses. Traders should due to this fact train due warning whereas investing or buying and selling in shares. Dailyraven Applied sciences or the creator aren’t answerable for any losses prompted on account of the choice based mostly on this text. Please seek the advice of your funding advisor earlier than investing.

Leave a Reply

Your email address will not be published. Required fields are marked *