{"id":106372,"date":"2023-08-08T12:27:19","date_gmt":"2023-08-08T06:57:19","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106372"},"modified":"2023-08-08T12:27:21","modified_gmt":"2023-08-08T06:57:21","slug":"penny-stock-under-15-jumps-up-to-4-after-fpi-increased-their-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-under-15-jumps-up-to-4-after-fpi-increased-their-stake-in-the-company\/","title":{"rendered":"Penny stock under \u20b9 15 jumps up to 4% after FPI increased their stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-282826489\"><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>On Tuesday, shares of one of India&#8217;s leading FMCG company jumped 4 percent to Rs 14 per share after a Singapore-based FPI increased its stake in the company.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2069613053\"><!-- 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 12:05 p.m. on the Bombay Stock Exchange, Mishtann Foods Ltd shares were trading at Rs 13.75 a share, up 1.48 percent from the previous close price. The company has a market capitalization of Rs 689 crore.<\/p><p>According to the company&#8217;s filing, Nomura Singapore Ltd. ODI increases its shareholding to over 2 percent of total share capital. Nomura Singapore Ltd. ODI has hiked its stake in <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/539594\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Mishtann Foods Ltd<\/a><\/strong>. from 1.28 percent (12825854 shares) to 2.19 percent (21882762 shares).<\/p><p>The stock has increased 52 percent in the previous six months and 65 percent in the last year. Mishtann Foods Ltd produces and processes rice, wheat, and is one of India&#8217;s top brands of basmati rice.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1376276926\"><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&#8217;s net profit for the June quarter fell by 64 percent to Rs 4 crore in Q1FY24, compared to Rs 11 crore in the corresponding quarter of the previous year(Q1FY23), while revenue fell by 49 percent to Rs 80 crore in the latest quarter, compared to Rs 158 crore in the same quarter last year.<\/p><p>The company&#8217;s profitability metrics have increased over the years, with the return on equity standing at 33.23 percent and the return on capital employed&nbsp; at 52.44 percent.<\/p><p>In FY 22-23, company\u2019s revenue increased by 30 percent year on year to Rs 650 crore from the previous year. Similarly, net profit grew by 58 percent&nbsp; to Rs 49 crore.<\/p><p>As per current shareholding pattern, the promoters own 49.82 percent of the company,Foreign institutional investors own 1.58 percent while retail investors own 48.62 percent.<\/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-4103385484\"><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>On Tuesday, shares of one of India&#8217;s leading FMCG company jumped 4 percent to Rs 14 per share after a Singapore-based FPI increased its stake in the company. At 12:05 p.m. on the Bombay Stock Exchange, Mishtann Foods Ltd shares were trading at Rs 13.75 a share, up 1.48 percent from the previous close price. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[9454,9451,9450,948,936,9452],"class_list":["post-106372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-fii-stake-in-mishtann-foods","tag-mishtann-foods-latest-news","tag-mishtann-foods-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-mishtann-foods-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>Penny stock under \u20b9 15 jumps up to 4% after FPI increased their stake in the company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Tuesday, shares of one of India&#039;s leading FMCG company jumped 4 percent to Rs 14 per share after a Singapore-based FPI increased its stake in the company.\" \/>\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\/penny-stock-under-15-jumps-up-to-4-after-fpi-increased-their-stake-in-the-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock under \u20b9 15 jumps up to 4% after FPI increased their stake in the company\" \/>\n<meta property=\"og:description\" content=\"On Tuesday, shares of one of India&#039;s leading FMCG company jumped 4 percent to Rs 14 per share after a Singapore-based FPI increased its stake in the company.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-under-15-jumps-up-to-4-after-fpi-increased-their-stake-in-the-company\/\" \/>\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=\"2023-08-08T06:57:19+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-08T06:57:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Markets-5-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\/penny-stock-under-15-jumps-up-to-4-after-fpi-increased-their-stake-in-the-company\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-under-15-jumps-up-to-4-after-fpi-increased-their-stake-in-the-company\/\",\"name\":\"Penny stock under \u20b9 15 jumps up to 4% after FPI increased their stake in the company - 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