{"id":105142,"date":"2023-07-12T14:19:31","date_gmt":"2023-07-12T08:49:31","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105142"},"modified":"2023-07-12T14:19:32","modified_gmt":"2023-07-12T08:49:32","slug":"midcap-stock-hits-52-week-high-after-company-revises-revenue-estimates-by-11","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-hits-52-week-high-after-company-revises-revenue-estimates-by-11\/","title":{"rendered":"Midcap stock hits 52-week high after company revises Revenue estimates by 11%\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3565154857\"><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>Shares of this Mid-cap stock zoomed more than 10 percent and touched their 52-week high levels today after a positive outlook on financial parameters by the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3454973619\"><!-- 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 stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ELGIEQUIP\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Elgi Equipments Limited<\/a><\/strong> are currently trading at Rs 596. The scrip witnessed an intra-day high of Rs 623, also recorded as the fresh 52-week high price, indicating a jump of 14 percent compared to the previous closing levels of Rs 545.50.\u00a0<\/p><p>The surge in the stock prices are observed after the company, in a recent report published with the BSE, revised their estimates regarding the revenues.&nbsp;<\/p><p>Under its strategic business plan (SBP), the company has estimated consolidated revenues at Rs 3,750 crores as compared to the number of Rs 3,375 crores mentioned previously. The above targets are estimated to be achieved by FY26. Moreover, the company, for the same time horizon, kept EBITDA and RoCE targets at 16 percent and 30 percent respectively.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1909744999\"><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 latest financial report portrays an increase in fundamental indicators such as operating revenues as well as net profits. The operating revenues went up from Rs 2,524 crores during FY21-22 to Rs 3,040 crores in FY22-23, and, the net profits, keeping the timeframe the same, took a shift from Rs 177 crores to Rs 368 crores.&nbsp;<\/p><p>The profitability metrics such as the return on equity (RoE) increased from 17.28 percent during FY21-22 to 27.04 percent in FY22-23. Moreover, the return on capital employed (RoCE) improved from 23.54 percent to 28.52 percent during the same period.&nbsp;<\/p><p>Elgi Equipments Limited is engaged in the business of manufacturing air compressors and compressed air systems. The company serves a wide range of segments including Pharmaceutical, Textile, etc. Apart from domestic operations in India, the company has a presence in the United States of America, Australia, Italy, and many other countries.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/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-2057050044\"><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>Shares of this Mid-cap stock zoomed more than 10 percent and touched their 52-week high levels today after a positive outlook on financial parameters by the company.&nbsp; The stocks of Elgi Equipments Limited are currently trading at Rs 596. The scrip witnessed an intra-day high of Rs 623, also recorded as the fresh 52-week high [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"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":[9390,9389,948,936,9928],"class_list":["post-105142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-elgi-equipments-latest-news","tag-elgi-equipments-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-elgi-equipments-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>Midcap stock hits 52-week high after company revises Revenue estimates by 11%\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this Mid-cap stock zoomed more than 10 percent and touched their 52-week high levels today after a positive outlook on financial parameters by the company.\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\/midcap-stock-hits-52-week-high-after-company-revises-revenue-estimates-by-11\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Midcap stock hits 52-week high after company revises Revenue estimates by 11%\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of this Mid-cap stock zoomed more than 10 percent and touched their 52-week high levels today after a positive outlook on financial parameters by the company.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/midcap-stock-hits-52-week-high-after-company-revises-revenue-estimates-by-11\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-12T08:49:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-12T08:49:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/midcap-stock-hits-52-week-high-after-company-revises-revenue-estimates-by-11\/\",\"url\":\"https:\/\/tradebrains.in\/features\/midcap-stock-hits-52-week-high-after-company-revises-revenue-estimates-by-11\/\",\"name\":\"Midcap stock hits 52-week high after company revises Revenue estimates by 11%\u00a0 - 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