{"id":106699,"date":"2023-08-10T13:45:49","date_gmt":"2023-08-10T08:15:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106699"},"modified":"2023-08-10T14:43:39","modified_gmt":"2023-08-10T09:13:39","slug":"real-estate-stock-with-high-fii-holding-jumps-up-to-15-after-reporting-a-116-surge-in-its-revenue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/real-estate-stock-with-high-fii-holding-jumps-up-to-15-after-reporting-a-116-surge-in-its-revenue\/","title":{"rendered":"Real Estate stock with high FII holding jumps up to 15% after reporting a 116% surge in its revenue\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3854998922\"><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 a small-cap construction company gained 15 percent on Thursday\u2019s early trades to reach an intraday high of \u20b9 72.00 apiece on the Bombay Stock Exchange (BSE). This happened after the company reported its results for the April to June quarter of the financial year 2023-24. At 12:32 PM, its shares were trading at \u20b9 67.05 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2912247910\"><!-- 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>According to an exchange filing, the company reported a 116 percent increase in its revenue from operations to \u20b9 51.49 crores in the first quarter of the current financial year (Q1FY24), compared to \u20b9 23.73 crores reported in the corresponding quarter last year (Q1FY23). Its profit increased by 21.50 percent to \u20b9 19.50 crores in Q1FY24, compared to \u20b9 16.05 crores in Q1FY23.&nbsp;<\/p><p>Elpro International is engaged in manufacturing surge arresters, construction and development of real estate properties, equity investment in third parties and windmill operations.&nbsp;<\/p><p>With a market capitalization of \u20b9 1060 crores, it is a small-cap company. It has a low return on equity of 3.84 percent and an ideal debt-to-equity ratio of 0.13. Its shares were trading at a price-to-earnings ratio (P\/E) of 20.65 and it has a dividend yield of 0.37 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2076383305\"><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>As per the company\u2019s shareholding pattern, its promoters hold a 74.99 percent stake in it, followed by retail investors with 12.58 percent and foreign institutions with 12.42 percent.&nbsp;<\/p><p>The company recently announced that it has agreed to acquire 78,12,500 non-cumulative compulsorily convertible preference shares of Jana Small Finance Bank for the purpose of investment.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3203288751\"><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 a small-cap construction company gained 15 percent on Thursday\u2019s early trades to reach an intraday high of \u20b9 72.00 apiece on the Bombay Stock Exchange (BSE). This happened after the company reported its results for the April to June quarter of the financial year 2023-24. At 12:32 PM, its shares were trading at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82782,"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":[4865,31],"tags":[],"class_list":["post-106699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-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>Real Estate stock with high FII holding jumps up to 15% after reporting a 116% surge in its revenue\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of a small-cap construction company gained 15 percent on Thursday\u2019s early trades to reach an intraday high of \u20b9 72.00 apiece on the Bombay Stock Exchange (BSE). 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