{"id":107290,"date":"2023-08-17T13:31:09","date_gmt":"2023-08-17T08:01:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=107290"},"modified":"2023-08-17T13:50:37","modified_gmt":"2023-08-17T08:20:37","slug":"microcap-stock-jumps-up-to-18-after-announcing-a-455-increase-in-net-profits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-up-to-18-after-announcing-a-455-increase-in-net-profits\/","title":{"rendered":"Microcap stock jumps up to 18% after announcing a 455% increase in net profits\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1459810565\"><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 micro-cap company jumped 18% to reach an intraday high of \u20b9 139.90 apiece on the National Stock Exchange (NSE) after the company announced its results for the first quarter of the current financial year. At 12:39 PM, its shares were trading at \u20b9 134.50 apiece, up 16.91%.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2419022325\"><!-- 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, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/KOTHARIPRO\/consolidated\">Kothari Products<\/a><\/strong> recently announced a massive 455% increase in its consolidated profit to \u20b9 11.71 crores in the latest quarter (Q1FY24), compared to \u20b9 2.11 crores in the corresponding quarter of the previous year (Q1FY23). However, its revenue declined to \u20b9 224.33 crores in the latest quarter, compared to \u20b9 413.65 crores in Q1FY23.&nbsp;<\/p><p>Kothari Products is primarily engaged in the international trading of various products and commodities. It is also engaged in real estate development, hospitality and education and leasing along with its subsidiaries and associates.&nbsp;<\/p><p>With a market capitalization of \u20b9 354 crores, Kothari Products is a micro-cap company. It has a low return on equity of 0.46% but an ideal debt-to-equity ratio of 0.24. Its shares were trading at a price-to-earnings ratio (P\/E) of 23.96 and it has a dividend yield of 1.29%. The company\u2019s promoters hold a 74.99% stake in it, while retail investors hold 25.01%.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4068923199\"><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 the past three years, the company\u2019s share price increased by 113% to deliver multibagger returns. Thus if an investor had invested \u20b9 1 lakh in the company\u2019s shares three years ago, the value of their holdings would have been \u20b9 2.13 lakhs today!&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/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-4162515882\"><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 micro-cap company jumped 18% to reach an intraday high of \u20b9 139.90 apiece on the National Stock Exchange (NSE) after the company announced its results for the first quarter of the current financial year. At 12:39 PM, its shares were trading at \u20b9 134.50 apiece, up 16.91%.&nbsp; According to an exchange filing, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"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":[11000,11002,10999,948,936,11001],"class_list":["post-107290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-kothari-products-latest-news","tag-kothari-products-q1-results-2023","tag-kothari-products-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-kothari-products-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>Microcap stock jumps up to 18% after announcing a 455% increase in net profits\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of a micro-cap company jumped 18% to reach an intraday high of \u20b9 139.90 apiece on the National Stock Exchange (NSE) after the company announced its results for the first quarter of the current financial year. 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