{"id":103600,"date":"2023-05-30T18:13:47","date_gmt":"2023-05-30T12:43:47","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103600"},"modified":"2023-05-30T18:53:26","modified_gmt":"2023-05-30T13:23:26","slug":"micro-cap-stock-zooms-14-after-qoq-net-profits-increase-by-600-hits52-week-high","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/micro-cap-stock-zooms-14-after-qoq-net-profits-increase-by-600-hits52-week-high\/","title":{"rendered":"Micro-cap stock zooms 14% after QoQ net profits increase by 600%; Hits52-week high"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2424897220\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>With a market capitalization of Rs 463 crores, the stocks of Munjal Showa Limited zoomed during the last couple of trading hours today and closed at Rs 115.85, gaining around 14 percent as compared to the previous closing price of Rs 101.60.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1819522899\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The company\u2019s stock hit its 52-week high mark today at a price of Rs 121.90. Year-to-date, the scrip has gained nearly 16 percent ranging from Rs 99.15 to the current price levels.&nbsp;<\/p><p>One of the major causes leading the stock prices to surge today is the announcement of Q4 as well as Annual results for FY2022-23. Facts &amp; figures pertaining to the same are been discussed later on in the report.&nbsp;<\/p><p>Moreover, the company\u2019s Board also recommended a Final dividend of Rs 4.50 (225 percent of its Face Value of Rs 2) for the same financial year. Payment of the same is subject to shareholder approval.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3728514810\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Munjal Showa Limited operates as an ancillary and is engaged in the process of manufacturing auto components for the two-wheeler and four-wheeler industries. The primary products of the company include shock absorbers, gas springs, etc. Geographically, the company derives a majority of its revenue from domestic operations within India.&nbsp;<\/p><p>Having a walkthrough of the sequential financials reported by the company, the operating revenues showed a slight fall in numbers going down from Rs 308 crores in Q3 to Rs 299 crores in Q4. On a contrasting note, the Profits After Tax (PAT) figures showed a huge movement from Rs 3 crores to Rs 21 crores showing an increase of 600 percent.&nbsp;<\/p><p>On a yearly basis, the operating revenues as well as PAT of the company rose with the former increasing from Rs 1,060 crores during FY21-22 to Rs 1,241 crores in FY22-23 and the latter, keeping the timeframe the same, moving up from Rs 12 crores to Rs 32 crores representing an increase of 167 percent.&nbsp;<\/p><p>According to the latest shareholding data released by the company, Promoters hold a 65.02 percent stake, and Foreign Institutional Investors hold a 1.26 percent stake in the company.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-433315008\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>With a market capitalization of Rs 463 crores, the stocks of Munjal Showa Limited zoomed during the last couple of trading hours today and closed at Rs 115.85, gaining around 14 percent as compared to the previous closing price of Rs 101.60.&nbsp; The company\u2019s stock hit its 52-week high mark today at a price of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-103600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Micro-cap stock zooms 14% after QoQ net profits increase by 600%; Hits52-week high - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"With a market capitalization of Rs 463 crores, the stocks of Munjal Showa Limited zoomed during the last couple of trading hours today and closed at Rs 115.85, gaining around 14 percent as compared to the previous closing price of Rs 101.60.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/micro-cap-stock-zooms-14-after-qoq-net-profits-increase-by-600-hits52-week-high\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Micro-cap stock zooms 14% after QoQ net profits increase by 600%; 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