{"id":107144,"date":"2023-08-16T14:36:46","date_gmt":"2023-08-16T09:06:46","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107144"},"modified":"2023-08-16T14:36:48","modified_gmt":"2023-08-16T09:06:48","slug":"miniratna-stock-falls-up-to-9-after-companys-net-profit-dips-64","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-stock-falls-up-to-9-after-companys-net-profit-dips-64\/","title":{"rendered":"Miniratna stock falls up to 9% after company\u2019s Net Profit dips 64% QoQ"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-79888113\"><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 stock fell up to 9 percent on Wednesday post the release of financial results for the quarter ended June 2023. The company has a market capitalization of Rs 13,900 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1496337649\"><!-- 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>The stocks of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/HINDCOPPER\/consolidated\">Hindustan Copper Limited<\/a><\/strong> opened their trading hour on Wednesday at Rs 145 and currently trade at Rs 143.90. The company\u2019s stock witnessed an intra-day low price of Rs 138.35 indicating a fall of around 9 percent as compared to the previous closing levels of Rs 152.40 apiece.\u00a0<\/p><p>The company\u2019s share witnessed a fall in its price after it released the financial results for the quarter ended June 2023 via a regulatory filing with the Bombay Stock Exchange (BSE) dated 14th August 2023.&nbsp;<\/p><p>On a quarterly basis, the company\u2019s basic business indicators such as the operating revenues and net profits fell with the former taking a shift down from Rs 560 crores during Q4FY22-23 to Rs 371 crores during Q1FY23-24, and, the latter moving down from Rs 132 crores to Rs 47 crores representing a downfall of approximately 64 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-694210744\"><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>In addition, the company, YoY, showed opposing movements in the metrics mentioned above with the operating revenues, on one hand, increasing from Rs 348 crores during June 2022 to Rs 371 crores during June 2023, and, the net profits, on the other hand, going down from Rs 57 crores to Rs 47 crores.&nbsp;<\/p><p>As per the shareholding data available for the quarter ended June 2023, the company\u2019s Promoter, i.e., the President of India, holds a 66.14 percent stake followed by the Retail Investors holding a 16.18 percent stake in the company.&nbsp;<\/p><p>With operations only in India, Hindustan Copper Limited is engaged in the business of exploration and mining of copper and copper ore including smelting, and refining processes. The company\u2019s product portfolio comprises copper cathodes, copper sulphate, cast copper wire rods, etc.&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-1953196369\"><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 stock fell up to 9 percent on Wednesday post the release of financial results for the quarter ended June 2023. The company has a market capitalization of Rs 13,900 crores.&nbsp; The stocks of Hindustan Copper Limited opened their trading hour on Wednesday at Rs 145 and currently trade at Rs 143.90. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"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":[10939,10941,10938,948,936,10943],"class_list":["post-107144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-hindustan-copper-latest-news","tag-hindustan-copper-q1-results-2023","tag-hindustan-copper-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-hindustan-copper-share-falling"],"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 up to 9% after company\u2019s Net Profit dips 64% QoQ - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this Miniratna stock fell up to 9 percent on Wednesday post the release of financial results for the quarter ended June 2023. 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