{"id":105175,"date":"2023-07-13T14:25:00","date_gmt":"2023-07-13T08:55:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105175"},"modified":"2023-07-13T14:20:56","modified_gmt":"2023-07-13T08:50:56","slug":"stock-hits-20-upper-circuit-after-company-reports-120-increase-in-net-profit-in-q1","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-20-upper-circuit-after-company-reports-120-increase-in-net-profit-in-q1\/","title":{"rendered":"Stock hits 20% upper circuit after company reports 120% increase in net profit in Q1"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1077104855\"><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>In Thursday&#8217;s first half session, shares of Equipment Manufacturer for Oil and Gas, Petrochemicals, Power, and Metallurgy Industry rose in response to the company&#8217;s impressive June Quarter results.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-809539904\"><!-- 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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ARTSONENGG\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Artson Engineering Ltd<\/a><\/strong> shares, with a market capitalization of Rs 367 crore, were locked at the 20 percent upper circuit at a price of Rs 99.52 from the previous close price.<\/p><p>According to exchange filings, In Q1FY23-24, the company&#8217;s financials improved. When compared to the same quarter last year, operating revenue grew by 13 percent to Rs 42 crore in Q1FY24. Similarly, net profit increased 120 percent to Rs 1 crore.<\/p><p>Operating revenue grew by 40 percent to Rs 42 crore in Q1 compared to the prior quarter in Q4. Likewise, net profit increased by 111 percent to Rs 1 crore.<\/p><div class=\"trade-content_5\" id=\"trade-3328830628\"><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>Artson Engineering Ltd produces products and systems for fuel handling and tankage constructing in refineries, as well as multidisciplinary engineering operations.Company\u2019s core competency are Engineering, Procurement, Construction (EPC) Contracts Since 2008, Tata Projects Limited has owned a 75% share in the company.<\/p><p>In the previous two months, the stock has increased by 55.11 percent, from Rs 64.16 to the present price.<\/p><p>The company received orders for Supply of Pressure Vessels and Erection &amp; Commissioning Spares worth Rs. 14.49 crores in the previous quarter of the year, and an order for Engineering Equipment Installation and Commissioning works at GRSE worth Rs. 17.16 crores in January 2023.<\/p><p>As per the latest shareholding pattern, promoters of the company hold a 75 percent stake, and retail investors hold a 24.98 percent stake in the company as of FY 22-23.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/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-3026547125\"><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>In Thursday&#8217;s first half session, shares of Equipment Manufacturer for Oil and Gas, Petrochemicals, Power, and Metallurgy Industry rose in response to the company&#8217;s impressive June Quarter results. Artson Engineering Ltd shares, with a market capitalization of Rs 367 crore, were locked at the 20 percent upper circuit at a price of Rs 99.52 from [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20788,"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":[9964,9966,9963,948,936,9965],"class_list":["post-105175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-artson-engineering-latest-news","tag-artson-engineering-q1-result-2023","tag-artson-engineering-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-artson-engineering-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>Stock hits 20% upper circuit after company reports 120% increase in net profit in Q1 - 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