{"id":105879,"date":"2023-08-02T14:06:41","date_gmt":"2023-08-02T08:36:41","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105879"},"modified":"2023-08-02T14:06:42","modified_gmt":"2023-08-02T08:36:42","slug":"multibagger-cable-stock-jumps-up-to-12-after-company-reports-58-increase-in-net-profit","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-cable-stock-jumps-up-to-12-after-company-reports-58-increase-in-net-profit\/","title":{"rendered":"Multibagger Cable stock jumps up to 12% after company reports 58% increase in net profit"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2787673790\"><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 global leader in supply of cables and conductors gained 12 percent&nbsp; to reach all time of Rs 544.15 apiece on Wednesday trade following the company\u2019s strong June quarter financial results.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2932079073\"><!-- 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\/DYCL\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Dynamic Cables Ltd<\/a><\/strong> shares were trading at Rs 528.50 a share on the National stock exchange at 1:15 p.m., up Rs 42.55 or 8.76 percent.Also company has a market capitalization of Rs 1,161 crore.<\/p><p>As per exchange filing, Company&nbsp; reported a 14.74 percent growth in sales to Rs 181.27 crore in Q1FY24 compared&nbsp; to Rs 157.98 crore in the corresponding quarter of the previous year(Q1FY23).Furthermore, its net profit climbed by 58 percent to Rs 11.38 crore in Q1FY24 from Rs 7.17 crore in Q1FY23.<\/p><p>In comparison to the previous&nbsp; quarter (Q4 FY 22-23), operational revenue grew from 178 crore in Q4FY23 to 181 crore in Q1FY24, while net profit improved from 9 crore to 11 crore.<\/p><div class=\"trade-content_5\" id=\"trade-708382093\"><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 stock has&nbsp; gained 151 percent return in six months and 222 percent over a year. A shareholder&#8217;s investment of Rs. 1 lakh in the business would be worth Rs. 3.22 lakhs after a year and Rs. 2.51 lakhs after a half-year.<\/p><p>Dynamic Cables profitability ratios are robust, with a return on equity at 17.47 percent and a return on capital employed at&nbsp; 30.42 percent, and a debt-to-equity ratio of 0.46.<\/p><p>As per the current shareholding pattern, the promoters hold 74.44 percent of the company, while retail investors own 25.2 percent stake.<\/p><p>Dynamic Cables Ltd manufacturer\u2019s power infra cables that includes&nbsp;flexible &amp; industrial cables, solar cables and railway signalling cables. The company supplies cables to Government and Private Distribution companies.<\/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-554134758\"><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 global leader in supply of cables and conductors gained 12 percent&nbsp; to reach all time of Rs 544.15 apiece on Wednesday trade following the company\u2019s strong June quarter financial results. Dynamic Cables Ltd shares were trading at Rs 528.50 a share on the National stock exchange at 1:15 p.m., up Rs 42.55 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105330,"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":[10480,10482,10479,948,936,10481],"class_list":["post-105879","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-dynamic-cables-latest-news","tag-dynamic-cables-q1-results-2023","tag-dynamic-cables-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-dynamic-cables-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 Cable stock jumps up to 12% after company reports 58% increase in net profit - 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