{"id":108313,"date":"2023-08-28T14:20:58","date_gmt":"2023-08-28T08:50:58","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108313"},"modified":"2023-08-28T14:21:00","modified_gmt":"2023-08-28T08:51:00","slug":"microcap-stock-hits-20-upper-circuit-after-company-announces-to-acquire-uttaranchal-industries","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-hits-20-upper-circuit-after-company-announces-to-acquire-uttaranchal-industries\/","title":{"rendered":"Microcap stock hits 20% upper circuit after company announces to acquire Uttaranchal Industries"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1350523111\"><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>This electricals microcap stock hit 20% upper circuit after the first hour of market open. As per BSE filing dated 26th August 2023, The company has announced, it has on its agenda to finalize a strategic acquisition of a domestic private firm in an all stock transaction. The stock is currently 2.5% away from its 52 week high.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3699491524\"><!-- 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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/WEL\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Wonder Electricals Ltd<\/a><\/strong> (\u201cWonder Electricals\u201d) said in its filing that it is acquiring Uttaranchal Industries Pvt Ltd in an all stock sale. The company is to issue non convertible, redeemable preferred shares as consideration for the business. The matter will be finalized and approved in a meeting held on Wednesday, 30th August, 2023.\u00a0<\/p><p>The stock rose 20% today with volumes that were 8x the monthly average and 16x the previous week average. Wonder Electricals stock has returned 95% over a 1 year period and although it has seen some range bound trading for months several times, overall it has been on an uptrend since November 2020. It is trading 10% above its 20 day moving average and 20% above its 200 day moving average at a P\/E 55.5, lower than industry average of 58.7.\u00a0<\/p><p>Wonder Electricals engages in the manufacture and supply of ceiling, exhaust, pedestal, and brushless DC fans in India. The company has shown a decent yet cyclical financial pattern with higher revenues in Q4. The company has seen 12% YoY top-line growth in June quarter 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3126158299\"><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>According to available public sources (MCA), Uttaranchal Industries is registered in New Delhi, incorporated in 1982 and is involved in manufacture of electric fans, exhaust fans and electric lamps. It sells products primarily in Haridwar, Uttarakhand. It has, according to a CRISIL rating dated April 2019, an investment grade rating of BB+ (stable) for long trend debt up to Rs. 5 crore.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/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-348590301\"><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>This electricals microcap stock hit 20% upper circuit after the first hour of market open. As per BSE filing dated 26th August 2023, The company has announced, it has on its agenda to finalize a strategic acquisition of a domestic private firm in an all stock transaction. The stock is currently 2.5% away from its [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":20788,"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":[948,936,11455,11456,11454,11453],"class_list":["post-108313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-why-is-wonder-electricals-share-going-up","tag-wonder-electricals-acquisition","tag-wonder-electricals-latest-news","tag-wonder-electricals-share-price"],"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 hits 20% upper circuit after company announces to acquire Uttaranchal Industries - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This electricals microcap stock hit 20% upper circuit after the first hour of market open. As per BSE filing dated 26th August 2023, The company has announced, it has on its agenda to finalize a strategic acquisition of a domestic private firm in an all stock transaction. The stock is currently 2.5% away from its 52 week high.\" \/>\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\/microcap-stock-hits-20-upper-circuit-after-company-announces-to-acquire-uttaranchal-industries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microcap stock hits 20% upper circuit after company announces to acquire Uttaranchal Industries\" \/>\n<meta property=\"og:description\" content=\"This electricals microcap stock hit 20% upper circuit after the first hour of market open. As per BSE filing dated 26th August 2023, The company has announced, it has on its agenda to finalize a strategic acquisition of a domestic private firm in an all stock transaction. 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