{"id":108512,"date":"2023-08-30T15:48:55","date_gmt":"2023-08-30T10:18:55","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=108512"},"modified":"2023-08-30T17:11:09","modified_gmt":"2023-08-30T11:41:09","slug":"multibagger-construction-stock-gained-4-after-board-appoints-new-cfo","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-construction-stock-gained-4-after-board-appoints-new-cfo\/","title":{"rendered":"Multibagger Construction stock gained 4% after board appoints New CFO\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1697998332\"><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>On Wednesday, the shares of the construction and infrastructure development company rose by around 4 percent to Rs 569.10 per share after the company&#8217;s board of directors appointed Mr. Chivukula Vasudev as Chief Financial Officer.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3143570793\"><!-- 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>At 12:15 p.m. on the National Stock Exchange, <strong>Ramky Infrastructure Ltd<\/strong> shares were trading at Rs 77.25 a share, up Rs 2.86 or 3.83 percent from the previous close price.\u00a0<\/p><p>According to the company exchange filing, the Company Board of Directors has appointed Mr. Chivukula Vasudev as Chief Financial Officer and Key Managerial Personnel of the Company effective today, August 30, 2023.&nbsp;<\/p><p>The company\u2019s revenue has increased by 50 percent year on year, from Rs 371 crore in Q1FY23 to Rs 556 crore in Q1FY24. During the same period, Net profit has increased by 1200 from Rs 8 crore to Rs 105 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1577976736\"><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 shares of the company have delivered returns of 100 percent in six months and 185 percent over a year. A shareholder&#8217;s investment of Rs. 1 lakh in the company would be worth Rs. 2.85 lakhs after a year and Rs. 2 lakhs after a half-year.&nbsp;<\/p><p>The Company&#8217;s profitability ratios improved in the most recent fiscal year, with a return on equity of 80.79 percent and a return on capital employed of 21.90 percent. Similarly, the net profit margin stands at 67.59 percent.&nbsp;<\/p><p>As per the latest shareholding pattern, The company promoter holds a 69.83 percent stake in the company while retail investors hold a 29.97 percent stake.&nbsp;<\/p><p>Ramky Infrastructure Limited is in the construction, infrastructure development, and management sector.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><div class=\"trade-after-content\" id=\"trade-3719946642\"><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>On Wednesday, the shares of the construction and infrastructure development company rose by around 4 percent to Rs 569.10 per share after the company&#8217;s board of directors appointed Mr. Chivukula Vasudev as Chief Financial Officer.&nbsp; At 12:15 p.m. on the National Stock Exchange, Ramky Infrastructure Ltd shares were trading at Rs 77.25 a share, up [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":101688,"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":[2839,7623,6164,6163,3769,2845,5865,10359,11542,10339,6459],"class_list":["post-108512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","tag-best-multibagger-stocks","tag-construction-stock","tag-construction-stocks-to-buy","tag-construction-stocks-to-watch","tag-future-multibagger-stocks","tag-indian-multibagger-stocks","tag-long-term-multibagger-stock","tag-long-term-multibaggers","tag-ramky-infrastructure","tag-ramky-infrastructure-share-price","tag-small-cap-construction-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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