{"id":105639,"date":"2023-07-27T12:47:02","date_gmt":"2023-07-27T07:17:02","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105639"},"modified":"2023-07-27T12:47:03","modified_gmt":"2023-07-27T07:17:03","slug":"multibagger-penny-stock-hits-5-upper-circuit-after-reporting-510-increase-in-net-profit","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-penny-stock-hits-5-upper-circuit-after-reporting-510-increase-in-net-profit\/","title":{"rendered":"Multibagger penny stock hits\u00a05% upper circuit after reporting 510% increase in net profit"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2057431460\"><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 shares of the transformer manufacturer surged 5 percent to a 52-week high of Rs 40.86 per share on Thursday after the company released strong June quarter financial results,<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4137788517\"><!-- 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\/517546\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Alfa Transformers Ltd<\/a><\/strong> shares reached the upper circuit on the Bombay Stock Exchange on Thursday, with a market capitalisation of Rs 37 crore.<\/p><p>According to the company&#8217;s exchange filing, Alfa Transformers reported a 256 percent growth in sales to Rs 12.38 crore in Q1FY24,as compared to Rs 3.47 crore in the corresponding quarter of the previous year(Q1FY23).Furthermore, its net profit climbed to Rs 1.23 crore in Q1FY24 from net loss of Rs 0.34 crore in Q1FY23.&nbsp;<\/p><p>In comparison to the previous quarter (Q4 FY 22-23), operational revenue grew by 67 percent to Rs 12.52 crore from Rs 7.48 crore in Q1FY23, while net profit improved by 510 percent to Rs 1.22 crore from Rs 0.20 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3268922358\"><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>Alfa Transformers Limited is engaged in the production of Electrical Distribution Transformers.The company is a major supplier to multinationals and domestic clients.<\/p><p>The company&#8217;s profitability ratios have improved, with operating margin increasing from -34.69 percent to 6.62 percent&nbsp; and net profit margin increasing from -40.98 percent&nbsp; to 3.49 percent.<\/p><p>According to the current shareholding pattern, the promoters control 47.6 percent of the corporation, while individual investors own 52.39 percent.<\/p><p><strong>In light of the illiquidity of penny stocks, merely a small number of orders may create a circuit limit. Individual investors should conduct comprehensive research on high-return penny stocks before buying since they lack consistency in performance and hence carry a high risk to retail investors.<\/strong><\/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-570557200\"><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 shares of the transformer manufacturer surged 5 percent to a 52-week high of Rs 40.86 per share on Thursday after the company released strong June quarter financial results, Alfa Transformers Ltd shares reached the upper circuit on the Bombay Stock Exchange on Thursday, with a market capitalisation of Rs 37 crore. According to the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13573,"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":[10279,10281,10278,948,936,10280],"class_list":["post-105639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-alfa-transformers-latest-news","tag-alfa-transformers-q1-results-2023","tag-alfa-transformers-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-alfa-transformers-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>Multibagger penny stock hits\u00a05% upper circuit after reporting 510% increase in net profit - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of the transformer manufacturer surged 5 percent to a 52-week high of Rs 40.86 per share on Thursday after the company released strong June quarter financial results,\" \/>\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\/multibagger-penny-stock-hits-5-upper-circuit-after-reporting-510-increase-in-net-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger penny stock hits\u00a05% upper circuit after reporting 510% increase in net profit\" \/>\n<meta property=\"og:description\" content=\"The shares of the transformer manufacturer surged 5 percent to a 52-week high of Rs 40.86 per share on Thursday after the company released strong June quarter financial results,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/multibagger-penny-stock-hits-5-upper-circuit-after-reporting-510-increase-in-net-profit\/\" \/>\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=\"2023-07-27T07:17:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-27T07:17:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-up-3-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\/01\/Markets-up-3-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\/multibagger-penny-stock-hits-5-upper-circuit-after-reporting-510-increase-in-net-profit\/\",\"url\":\"https:\/\/tradebrains.in\/features\/multibagger-penny-stock-hits-5-upper-circuit-after-reporting-510-increase-in-net-profit\/\",\"name\":\"Multibagger penny stock hits\u00a05% upper circuit after reporting 510% increase in net profit - 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