{"id":106099,"date":"2023-08-03T14:23:24","date_gmt":"2023-08-03T08:53:24","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106099"},"modified":"2023-08-03T14:23:26","modified_gmt":"2023-08-03T08:53:26","slug":"large-cap-stock-jumps-up-to-10-after-companys-net-profit-increases-by-68","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/large-cap-stock-jumps-up-to-10-after-companys-net-profit-increases-by-68\/","title":{"rendered":"Large cap stock jumps up to 10% after company&#8217;s net profit increases by 68%"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2468740103\"><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 recently listed Pharma stock under the \u2018large-cap\u2019 category were on the rise in Thursday\u2019s trading session after the company announced financial results for Q1FY23-24. The stock is trading near its all-time high level.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-955706257\"><!-- 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>With a market capitalization of Rs 74,500 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MANKIND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Mankind Pharma Limited<\/a><\/strong> started their trading session at Rs 1,900 and currently trade at Rs 1,858. The company\u2019s scrip witnessed an intra-day high of Rs 1,913.75, a gain of around 10 percent compared to the previous close of Rs 1,739.80 apiece.\u00a0<\/p><p>The stock prices of the company soared after the company, in a filing with the Bombay Stock Exchange dated 2nd August 2023, announced the financial results for the quarter ending June 2023.&nbsp;<\/p><p>The company&#8217;s financial performance, on a quarterly basis, has been successful in improving the operating revenues as well as net profit numbers with the former increasing from Rs 2,052 crores during Q4FY22-23 to Rs 2,578 crores during Q1FY23-24, and, the net profits, rose from Rs 294 crores to Rs 494 crores representing an increase of 68 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4073991072\"><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>Comparing the June 2023 quarter with the same period last year, the company has reported an increase in the metrics discussed above with the operating revenues shifting from Rs 2,180 crores to Rs 2,578 crores, and, the net profits taking a shift from Rs 298 crores to Rs 494 crores.&nbsp;<\/p><p>As per the shareholding pattern data released for the June 2023 quarter, the company\u2019s Promoters hold a 76.5 percent stake, and, the Foreign Institutional Investors (FIIs) hold a 4.18 percent stake in the company.&nbsp;<\/p><p>Mankind Pharma Limited is involved in the business of developing, manufacturing, as well as marketing pharmaceutical formulations across chronic and acute therapeutic areas. The company also deals with several consumer healthcare products. Some of the company\u2019s brand names include Gas-O-Fast, Prega News, and many more.&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-3637967612\"><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 recently listed Pharma stock under the \u2018large-cap\u2019 category were on the rise in Thursday\u2019s trading session after the company announced financial results for Q1FY23-24. The stock is trading near its all-time high level.&nbsp; With a market capitalization of Rs 74,500 crores, the shares of Mankind Pharma Limited started their trading session at [&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":[9056,10536,9055,9057,948,936],"class_list":["post-106099","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mankind-pharma-latest-news","tag-mankind-pharma-q1-results-2023","tag-mankind-pharma-share-price","tag-mankind-pharma-shareholding-pattern","tag-stock-market","tag-stock-market-news"],"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>Large cap stock jumps up to 10% after company&#039;s net profit increases by 68% - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this recently listed Pharma stock under the \u2018large-cap\u2019 category were on the rise in Thursday\u2019s trading session after the company announced financial results for Q1FY23-24. 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