{"id":105003,"date":"2023-07-07T12:55:00","date_gmt":"2023-07-07T07:25:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105003"},"modified":"2023-07-07T12:49:55","modified_gmt":"2023-07-07T07:19:55","slug":"small-cap-stock-with-high-fii-holding-jumps-11-after-nitin-gadkari-approves-draft-notification","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-with-high-fii-holding-jumps-11-after-nitin-gadkari-approves-draft-notification\/","title":{"rendered":"Small Cap stock with high FII Holding jumps 11% after Nitin Gadkari approves draft notification"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4064093044\"><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>Union Road Transport and Highways Minister Nitin Gadkari announced that he has approved the draft notification to mandate the installation of air-conditioning systems in the cabins of N2 and N3 category trucks. The government plans to implement this regulation starting from January 2025.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4031706529\"><!-- 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>Following the announcement, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SUBROS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Subros<\/a><\/strong>, an automotive air-conditioning manufacturer surged 11.65 percent to reach an intraday high of \u20b9 487.00 apiece on the National Stock Exchange (NSE). At 11:43 AM, its shares were trading at \u20b9 468.10 apiece, up 7.31 percent.\u00a0<\/p><p>Subros is engaged in the manufacturing and supplying of Thermal products and air conditioning products for automakers and homes. It has plants located in Noida, Pune, Chennai, Karsanpura and Nalagarh.&nbsp;<\/p><p>With a market capitalization of \u20b9 2,846 crores, Subros is a small-cap company. It has a low return on equity of 5.67 percent but an ideal debt-to-equity ratio of 0.02. Its shares were trading at a price-to-earnings ratio (P\/E) of 59.35, which is higher than the industry P\/E of 46.57, indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1362438638\"><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>The company\u2019s promoters hold a 36.79 percent stake in it followed by foreign institutions with 32.62 percent, retail investors with 17.29 percent, and mutual funds with 13.30 percent.&nbsp;<\/p><p>Subros posted revenue of \u20b9 2,806 crores in FY23, up 25 percent against \u20b9 2,239 crores reported in FY22, The company\u2019s net profit grew by 47 percent to \u20b9 47.92 crores as compared to \u20b9 32.49 crores in the corresponding quarter of the previous year.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/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-3384886287\"><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>Union Road Transport and Highways Minister Nitin Gadkari announced that he has approved the draft notification to mandate the installation of air-conditioning systems in the cabins of N2 and N3 category trucks. The government plans to implement this regulation starting from January 2025.&nbsp; Following the announcement, the shares of Subros, an automotive air-conditioning manufacturer surged [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69898,"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":[948,936,9857,9855,9854,9856],"class_list":["post-105003","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-subros-fii-holding","tag-subros-latest-news","tag-subros-share-price","tag-why-is-subros-share-going-up"],"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>Small Cap stock with high FII Holding jumps 11% after Nitin Gadkari approves draft notification - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Union Road Transport and Highways Minister Nitin Gadkari announced that he has approved the draft notification to mandate the installation of air-conditioning systems in the cabins of N2 and N3 category trucks. 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