{"id":104284,"date":"2023-06-20T13:45:00","date_gmt":"2023-06-20T08:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104284"},"modified":"2023-06-20T13:21:18","modified_gmt":"2023-06-20T07:51:18","slug":"smallcap-stock-hits-20-upper-circuit-after-the-transport-ministers-announcement","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-hits-20-upper-circuit-after-the-transport-ministers-announcement\/","title":{"rendered":"Smallcap stock hits 20% upper circuit after the Transport Minister&#8217;s announcement"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1343663535\"><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>The largest Commerical air-conditioned(AC) Manufacturer Shares locked 20 percent upper circuit on Tuesday\u2019s first half of the session from the previous close price of Rs 362.\u00a0 The Shares of Subros Ltd rose after Road Transport and Highways Minister Nitin Gadkari stated that air-conditioned truck cabins will soon be mandatory.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4150000354\"><!-- 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>According to an Economic Times report, Union Road Transport Minister Nitin Gadkari announced at an event hosted by Mahindra Logistics Ltd that air-conditioned cabins will be made mandatory for all trucks from 2025.\u00a0At 9:20 am, the stock reached its highest level in 52 weeks, touching the circuit at Rs 434.10.<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SUBROS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Subros Limited<\/a><\/strong> was incorporated in 1985. The company manufactures and supplies auto air conditioning products to all major automakers in the passenger and commercial vehicle space.\u00a0As of FY23, Company has a Market share of 40% in Passenger Car AC and 45% in\u00a0 Truck Aircon\/Blower.<\/p><p>The stock climbed by 35.76 percent in the last six months from Rs 319.75&nbsp; to current levels, while it grew by 50.13&nbsp; percent in the previous year from Rs 289.15 to current values.<\/p><div class=\"trade-content_5\" id=\"trade-3323053160\"><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>As per financials, Operating revenue increased by 14 percent from Rs 654 crore in Q3 to Rs 748&nbsp; crore in Q4. Similarly, net profit increased by 125 percent from Rs 8 crore to Rs 18 crore.&nbsp;<\/p><p>Revenue climbed 25 percent year on year, from Rs 2,238 crores in FY 21-22 to Rs 2,806 crores in FY 22-23. During the same time period, the Net Profit improved by 47 percent, from Rs 32 crores to Rs 47 crores.&nbsp;<\/p><p>Profitability ratios are improving, for fiscal year 2023, ROE is 5.52 percent, ROCE is 8.39 percent, and the debt-to-equity ratio is 0.02.&nbsp;<\/p><p>As per the latest shareholding pattern, promoters of the company hold a 36.79 percent stake, and Foreign Institutional Investors (FIIs) hold 32.62 domestic institutional investors(DIIs) hold a 13.3 percent stake in the company for FY 22-23.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar C<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1895752384\"><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>The largest Commerical air-conditioned(AC) Manufacturer Shares locked 20 percent upper circuit on Tuesday\u2019s first half of the session from the previous close price of Rs 362.\u00a0 The Shares of Subros Ltd rose after Road Transport and Highways Minister Nitin Gadkari stated that air-conditioned truck cabins will soon be mandatory. According to an Economic Times report, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97870,"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":[31,1789],"tags":[5487,5279,8071,3256,3854,3358,6070,6608,6609,4500,5515,3852,6126,6127,5486,3643,4787],"class_list":["post-104284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-10-upper-circuit","tag-20-upper-circuit","tag-20-upper-circuit-stock","tag-52-week-high","tag-52-week-high-stocks","tag-fii-holding","tag-fii-latest-news","tag-fii-portfolio","tag-fii-portfolio-2023","tag-fii-stocks","tag-fii-stocks-2023","tag-stocks-at-52-week-high","tag-stocks-that-hit-20-upper-circuit","tag-stocks-that-hit-20-upper-circuit-today","tag-upper-cicuit","tag-upper-circuit","tag-upper-circuit-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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