{"id":107015,"date":"2023-08-14T13:18:23","date_gmt":"2023-08-14T07:48:23","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107015"},"modified":"2023-08-14T13:18:24","modified_gmt":"2023-08-14T07:48:24","slug":"multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/","title":{"rendered":"Multibagger Smallcap stock jumps 15% after company reports 82% increase in net profits"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2434204790\"><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 multibagger stock under the \u2018small-cap\u2019 category rose around 15 percent on Monday post-release of Q1FY23-24 financial results. The stock also hit its fresh 52-week high mark today.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3374266516\"><!-- 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 4,300 crores, the stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TIIL\/consolidated\">Technocraft Industries (India) Limited<\/a><\/strong> are currently trading at Rs 1,888, a gain of around 15 percent as compared to the previous close of Rs 1,644.25 apiece. The scrip recorded an intra-day high price of Rs 1,890 which was also registered as the company\u2019s new 52-week high mark.\u00a0<\/p><p>Keeping a purview of one year, the company\u2019s scrip has proven to deliver multibagger returns of 105 percent to its stakeholders, i.e., a Rs 1 Lakh investment would have converted to Rs 2.05 Lakhs within a period of one year if someone would have invested in the company\u2019s shares.&nbsp;<\/p><p>Such a spike in the company\u2019s stock prices was caused after the company its financial results for Q1FY23-24 in a regulatory filing with the Bombay Stock Exchange (BSE).&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4025171380\"><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, on a QoQ basis, showed decent growth in the basic business indicators such as the operating revenues and net profits with the former moving up from Rs 480 crores during Q4FY22-23 to Rs 557 crores during Q1FY23-24, and the net profits rising from Rs 50 crores to Rs 91 crores indicating an increase of around 82 percent.&nbsp;<\/p><p>In addition, the company reported decent growth in the metrics mentioned above on a YoY basis as well with the operating revenues taking a shift from Rs 539 crores during June 2022 to Rs 557 crores during June 2023, and, the net profits, during the same time horizon, moving from Rs 72 crores to Rs 91 crores.&nbsp;<\/p><p>According to the shareholding pattern data available for the June 2023 quarter, the Promoters hold a 74.61 percent stake followed by the Retail Investors holding a 20.68 percent stake in the company.&nbsp;<\/p><p>With a presence within and outside India, Technocraft Industries (India) Limited is involved in the business of engineering, textiles, drum closures, scaffolding, etc. The company offers a wide range of products including closures, knitted and crocheted cotton fabrics, among others.&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\" style=\"object-fit:cover;width:256px;height:256px\" 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-87185980\"><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 multibagger stock under the \u2018small-cap\u2019 category rose around 15 percent on Monday post-release of Q1FY23-24 financial results. The stock also hit its fresh 52-week high mark today.&nbsp; With a market capitalization of Rs 4,300 crores, the stocks of Technocraft Industries (India) Limited are currently trading at Rs 1,888, a gain of around [&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":[948,936,8487,10879,8488,10878],"class_list":["post-107015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-technocraft-industries-latest-news","tag-technocraft-industries-q1-results-2023","tag-technocraft-industries-share-price","tag-why-is-technocraft-industries-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>Multibagger Smallcap stock jumps 15% after company reports 82% increase in net profits - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this multibagger stock under the \u2018small-cap\u2019 category rose around 15 percent on Monday post-release of Q1FY23-24 financial results. The stock also hit its fresh 52-week high mark today.\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\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger Smallcap stock jumps 15% after company reports 82% increase in net profits\" \/>\n<meta property=\"og:description\" content=\"Shares of this multibagger stock under the \u2018small-cap\u2019 category rose around 15 percent on Monday post-release of Q1FY23-24 financial results. The stock also hit its fresh 52-week high mark today.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/\" \/>\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=\"2023-08-14T07:48:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-14T07:48:24+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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/\",\"url\":\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/\",\"name\":\"Multibagger Smallcap stock jumps 15% after company reports 82% increase in net profits - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Martkets-1214-Cover-image.jpg\",\"datePublished\":\"2023-08-14T07:48:23+00:00\",\"dateModified\":\"2023-08-14T07:48:24+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Shares of this multibagger stock under the \u2018small-cap\u2019 category rose around 15 percent on Monday post-release of Q1FY23-24 financial results. The stock also hit its fresh 52-week high mark today.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Martkets-1214-Cover-image.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Martkets-1214-Cover-image.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Multibagger Smallcap stock jumps 15% after company reports 82% increase in net profits\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Multibagger Smallcap stock jumps 15% after company reports 82% increase in net profits - Trade Brains Features","description":"Shares of this multibagger stock under the \u2018small-cap\u2019 category rose around 15 percent on Monday post-release of Q1FY23-24 financial results. The stock also hit its fresh 52-week high mark today.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/","og_locale":"en_US","og_type":"article","og_title":"Multibagger Smallcap stock jumps 15% after company reports 82% increase in net profits","og_description":"Shares of this multibagger stock under the \u2018small-cap\u2019 category rose around 15 percent on Monday post-release of Q1FY23-24 financial results. The stock also hit its fresh 52-week high mark today.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-08-14T07:48:23+00:00","article_modified_time":"2023-08-14T07:48:24+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Martkets-1214-Cover-image.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/","url":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/","name":"Multibagger Smallcap stock jumps 15% after company reports 82% increase in net profits - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Martkets-1214-Cover-image.jpg","datePublished":"2023-08-14T07:48:23+00:00","dateModified":"2023-08-14T07:48:24+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"Shares of this multibagger stock under the \u2018small-cap\u2019 category rose around 15 percent on Monday post-release of Q1FY23-24 financial results. The stock also hit its fresh 52-week high mark today.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Martkets-1214-Cover-image.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/10\/Martkets-1214-Cover-image.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/multibagger-smallcap-stock-jumps-15-after-company-reports-82-increase-in-net-profits\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Multibagger Smallcap stock jumps 15% after company reports 82% increase in net profits"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/107015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=107015"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/107015\/revisions"}],"predecessor-version":[{"id":107016,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/107015\/revisions\/107016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/69898"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=107015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=107015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=107015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}