{"id":106208,"date":"2023-08-04T14:15:53","date_gmt":"2023-08-04T08:45:53","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106208"},"modified":"2023-08-04T14:15:55","modified_gmt":"2023-08-04T08:45:55","slug":"microcap-stock-jumps-up-to-11-after-companys-net-profit-increases-by-38-in-q1","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-up-to-11-after-companys-net-profit-increases-by-38-in-q1\/","title":{"rendered":"Microcap stock jumps up to 11% after company&#8217;s net profit increases by 38% in Q1"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-94152005\"><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 glass container maker, which belong to the micro-cap category with a market value of Rs 533 crore, gained 11 percent to a 52-week high price of Rs 103.45 apiece on Friday morning 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-1841345935\"><!-- 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>At 1:28 p.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/515147\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Haldyn Glass Ltd<\/a><\/strong> shares were trading at Rs 98.99 a share on the National Stock Exchange, up Rs 9.01 or 10.01\u00a0 percent.\u00a0<\/p><p>As per exchange filing,Company\u2019s net profit increased by 38 percent\u00a0to Rs 9.14 crore in Q1FY24 as compared to Rs 6.59 crore in the corresponding quarter of the previous year Q1FY23,while company revenue declined by 4.3 percent to Rs 74.63 crore in the latest quarter as compared\u00a0 from Rs 77.87 crore in same quarter last year.<\/p><p>In comparison to the previous&nbsp; quarter (Q4 FY 22-23), operational revenue slightly grew from 74.27 crore in Q4FY23 to 74.63&nbsp; crore in Q1FY24, while net profit improved from 6.56 crore to 9.14 crore.<\/p><div class=\"trade-content_5\" id=\"trade-4087995682\"><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>Haldyn Glass Ltd shares have increased from Rs 40.35 to current levels,yielding multibagger returns of 150 percent. As a result, if an investor bought 1 lakh shares of the company in the previous year, their holdings are now worth 2.50 lakhs!<\/p><p>The profitability ratios of Haldyn Glass Ltd have been raised, with the return on equity increasing from 6.34 percent to 10.48 percent and the return on capital employed increasing from 7.75 percent to 12.21 percent, with the firm having a debt-to-equity ratio of 0.23.<\/p><p>As per the current shareholding pattern, the promoters hold 58.14 percent of the company, while retail investors own 41.86 percent stake.<\/p><p>Haldyn Glass Ltd is engaged in the business of manufacturing glass containers and bottles for the Food, Beverages, and Spirit Industries.<\/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-4243623291\"><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 glass container maker, which belong to the micro-cap category with a market value of Rs 533 crore, gained 11 percent to a 52-week high price of Rs 103.45 apiece on Friday morning following the company\u2019s strong June quarter financial results. At 1:28 p.m., Haldyn Glass Ltd shares were trading at Rs 98.99 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69898,"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":[10570,10572,10569,948,936,10571],"class_list":["post-106208","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-haldyn-glass-latest-news","tag-haldyn-glass-q1-results-2023","tag-haldyn-glass-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-haldyn-glass-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>Microcap stock jumps up to 11% after company&#039;s net profit increases by 38% in Q1 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of glass container maker, which belong to the micro-cap category with a market value of Rs 533 crore, gained 11 percent to a 52-week high price of Rs 103.45 apiece on Friday morning following the company\u2019s 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\/microcap-stock-jumps-up-to-11-after-companys-net-profit-increases-by-38-in-q1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microcap stock jumps up to 11% after company&#039;s net profit increases by 38% in Q1\" \/>\n<meta property=\"og:description\" content=\"The shares of glass container maker, which belong to the micro-cap category with a market value of Rs 533 crore, gained 11 percent to a 52-week high price of Rs 103.45 apiece on Friday morning following the company\u2019s strong June quarter financial results.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-up-to-11-after-companys-net-profit-increases-by-38-in-q1\/\" \/>\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=\"2023-08-04T08:45:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-04T08:45:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Martkets-1214-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: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\/microcap-stock-jumps-up-to-11-after-companys-net-profit-increases-by-38-in-q1\/\",\"url\":\"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-up-to-11-after-companys-net-profit-increases-by-38-in-q1\/\",\"name\":\"Microcap stock jumps up to 11% after company's net profit increases by 38% in Q1 - 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