The order is more than the market capitalization of the company.

According to the shareholding pattern, the promotors of the company (Mahindra & Mahindra Ltd) own a 54.26 per cent stake, FIIs own 0.13 per cent and the rest 43.61 per cent stake is owned by the general public.

Previously, the company received work orders for a total of 887 KWp. Both the work orders are of turnkey EPC job work for engineering, procurement and construction (EPC) services in respect of setting up a Rooftop solar power project of 600 KWp capacity and 287 KWp.

The company has re-paid Rs 1,052 million to the bankers since then; thus, reducing the total bank debt from the peak of Rs 1,612 million approx. to about Rs 550 million currently, making a 66 per cent reduction from the peak level within 24 months of initiating the process.

Ajmera Realty and Infra Limited (ARIIL) is in the business of providing residential and rented commercial properties. The company reported amazing numbers in its quarterly results and annual results.  

The shares of the company have an ROE of 32 per cent and an ROCE of 40.7 per cent. Investors should keep an eye on this IT stock under the radar.

In Digital Technologies growth was on account of revenue accrual from a Metro project as well as the addition of clients in the BFSI domain. In Digital Operations we have seen strong business growth in our Digital Content business.

The following penny stocks are likely to be in focus on Thursday, September 14, 2023

Vrindavan is the emotional journey of a girl who, to fulfil the dying wish of her father, lands up in this religious city to look for her grandmother with the assumption that she must be one among the 30,000 widows of Vrindavan. The search finds her searching for her own self and finding love.

According to the quarterly results, the company reported a net profit in the first quarter of the fiscal year 2024 at Rs 1.18 crore, up more than 100 per cent from the corresponding period of the previous fiscal. The company posted a net profit of Rs 0.58 crore in Q1FY23. The company's total income in the June 2023 quarter increased to Rs 56.3 crore from Rs 55.9 crore a year ago period, up 0.72 per cent.