{"id":106620,"date":"2023-08-09T16:55:04","date_gmt":"2023-08-09T11:25:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106620"},"modified":"2023-08-09T16:55:06","modified_gmt":"2023-08-09T11:25:06","slug":"miniratna-stock-falls-7-after-net-profits-of-the-company-decreases-by-72","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-stock-falls-7-after-net-profits-of-the-company-decreases-by-72\/","title":{"rendered":"Miniratna stock falls 7% after net profits of the company decreases by 72% \u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2551677238\"><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 Miniratna Defense stock fell around 7 percent on Wednesday after the company published disappointing results for the quarter ending June 2023.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2408597418\"><!-- 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 6,500 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MIDHANI\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Mishra Dhatu Nigam Limited<\/a><\/strong> closed at Rs 346.15 on Wednesday. The company witnessed an intra-day low of Rs 344.15 indicating a dip of around 7 percent as compared to the previous close of Rs 372.75 apiece.\u00a0<\/p><p>Keeping a time horizon of one year, the company\u2019s stock has proven to deliver multibagger returns of approximately 105 percent, i.e., if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 2.05 crores within a period of one year.&nbsp;<\/p><p>The share price movements were observed today after the company, through a regulatory filing with the BSE dated 8th August 2023, announced the financial results for the quarter ended June 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-525306324\"><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>On a sequential basis, the company showcased a deep fall as far as the operating revenues and after-tax profits are concerned. The operating revenues fell from Rs 345 crores during Q4FY22-23 to Rs 188 crores during Q1FY23-24, and, the after-tax profits, slipping from Rs 66 crores directly down to Rs 19 crores indicating a fall of around 72 percent.&nbsp;<\/p><p>Comparing Q1FY22-23 and Q1FY23-24, the company reported positive movements with the operating revenues increasing from Rs 115 crores to Rs 188 crores, and, after-tax profits moving up marginally from Rs 18 crores to Rs 19 crores.&nbsp;<\/p><p>The latest shareholding pattern data portray the Promoters holding a 74 percent stake, and another major chunk is held by the Domestic Institutional Investors (DIIs) of 13.11 percent.&nbsp;<\/p><p>Mishra Dhatu Nigam Limited is involved in the business of manufacturing titanium, superalloys, special-purpose steel, and other special metals. The company\u2019s product portfolio includes moly products, armour products, and other related products. Additionally, the company deals with evaluation, testing, and consulting services.&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-214134917\"><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 Miniratna Defense stock fell around 7 percent on Wednesday after the company published disappointing results for the quarter ending June 2023.&nbsp; With a market capitalization of Rs 6,500 crores, the stocks of Mishra Dhatu Nigam Limited closed at Rs 346.15 on Wednesday. The company witnessed an intra-day low of Rs 344.15 indicating [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13575,"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":[10420,10421,10735,10419,948,936],"class_list":["post-106620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mishra-dhatu-nigam-latest-news","tag-mishra-dhatu-nigam-latest-order","tag-mishra-dhatu-nigam-q1-results-2023","tag-mishra-dhatu-nigam-share-price","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>Miniratna stock falls 7% after net profits of the company decreases by 72% \u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this Miniratna Defense stock fell around 7 percent on Wednesday after the company published disappointing results for the quarter ending June 2023.\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\/miniratna-stock-falls-7-after-net-profits-of-the-company-decreases-by-72\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Miniratna stock falls 7% after net profits of the company decreases by 72% \u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of this Miniratna Defense stock fell around 7 percent on Wednesday after the company published disappointing results for the quarter ending June 2023.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/miniratna-stock-falls-7-after-net-profits-of-the-company-decreases-by-72\/\" \/>\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=\"2023-08-09T11:25:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-09T11:25:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Markets-down-2-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\/miniratna-stock-falls-7-after-net-profits-of-the-company-decreases-by-72\/\",\"url\":\"https:\/\/tradebrains.in\/features\/miniratna-stock-falls-7-after-net-profits-of-the-company-decreases-by-72\/\",\"name\":\"Miniratna stock falls 7% after net profits of the company decreases by 72% \u00a0 - 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