{"id":106532,"date":"2023-08-09T12:59:14","date_gmt":"2023-08-09T07:29:14","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106532"},"modified":"2023-08-09T12:59:16","modified_gmt":"2023-08-09T07:29:16","slug":"penny-stock-jumps-up-to-20-after-company-reports-230-increase-in-revenue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-up-to-20-after-company-reports-230-increase-in-revenue\/","title":{"rendered":"Penny stock jumps up to 20% after company reports 230% increase in revenue"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1442328758\"><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 Wednesday, the shares of an NBFC rose 20 percent to Rs 110.8 per share after the company announced impressive June quarter financial results.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1161707490\"><!-- 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 12:20 p.m. on the Bombay Stock Exchange, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/540097\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Visco Trade Associates Ltd<\/a><\/strong> shares were trading at Rs 99.84 per share, up Rs 7.36 or 7.96 percent from the previous close price. The company has a market value of Rs 47 crore.\u00a0<\/p><p>As per the company\u2019s exchange filing, the Company\u2019s total income increased by 230 percent to Rs 43 crore in Q1FY24 as compared to Rs 13 crore in the corresponding quarter of the previous year Q1FY23, while the company&#8217;s net profit increased to Rs 7.8 crore in the latest quarter as compared from a loss of Rs 2.37 crore in the same quarter last year.&nbsp;<\/p><p>The company&#8217;s revenue from operations climbed by 43 percent quarter on quarter in the June 2023 quarter, compared to Rs 30 crore in the March 2023 quarter And the net profit grew to Rs 7.8 crore from a loss of Rs 8.5 crore in the preceding quarter.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-251974116\"><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>Visco Trade Associates Ltd shares have increased from Rs 49.40 to 110.80, yielding multibagger returns of 124 percent. As a result, if an investor bought 1 lakh shares of the company in the previous year, their holdings are now worth 2.24 lakhs!&nbsp;<\/p><p>As per the latest shareholding pattern, the promoters hold 65 percent of the company, while retail investors own a 35.02 percent stake.&nbsp;<\/p><p>Visco Trade Associates Ltd is an investing firm. The Company primarily invests and holds stocks, debentures, debenture stocks, bonds, warrants, liabilities, and other assets.&nbsp;<\/p><p><strong>Since penny stocks are illiquid, even a small number of orders may cause a circuit limit. Individual investors should do extensive research on high-return<\/strong> <strong>penny stocks before purchasing them since they lack consistency in performance and hence pose a high risk to retail investors.\u00a0<\/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-2328108637\"><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 Wednesday, the shares of an NBFC rose 20 percent to Rs 110.8 per share after the company announced impressive June quarter financial results.&nbsp; At 12:20 p.m. on the Bombay Stock Exchange, Visco Trade Associates Ltd shares were trading at Rs 99.84 per share, up Rs 7.36 or 7.96 percent from the previous close price. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104924,"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":[948,936,10703,10704,10702,10705],"class_list":["post-106532","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-visco-trade-associates-latest-news","tag-visco-trade-associates-q1-results-2023","tag-visco-trade-associates-share-price","tag-why-is-visco-trade-associates-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>Penny stock jumps up to 20% after company reports 230% increase in revenue - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Wednesday, the shares of an NBFC rose 20 percent to Rs 110.8 per share after the company announced impressive June quarter financial results.\u00a0\" \/>\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-jumps-up-to-20-after-company-reports-230-increase-in-revenue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock jumps up to 20% after company reports 230% increase in revenue\" \/>\n<meta property=\"og:description\" content=\"On Wednesday, the shares of an NBFC rose 20 percent to Rs 110.8 per share after the company announced impressive June quarter financial results.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-up-to-20-after-company-reports-230-increase-in-revenue\/\" \/>\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=\"2023-08-09T07:29:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-09T07:29:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.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-jumps-up-to-20-after-company-reports-230-increase-in-revenue\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-up-to-20-after-company-reports-230-increase-in-revenue\/\",\"name\":\"Penny stock jumps up to 20% after company reports 230% increase in revenue - 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