{"id":109159,"date":"2023-09-06T15:54:35","date_gmt":"2023-09-06T10:24:35","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109159"},"modified":"2023-09-06T15:54:37","modified_gmt":"2023-09-06T10:24:37","slug":"stock-jumps-up-to-4-after-it-received-permission-for-plant-expansion-from-karnataka-pollution-board","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-up-to-4-after-it-received-permission-for-plant-expansion-from-karnataka-pollution-board\/","title":{"rendered":"Stock jumps up to 4% after it received permission for plant expansion from Karnataka Pollution Board"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-297268314\"><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&#8217;s early-day trade, the Share&#8217;s of the largest manganese ore producer jumped 4 percent to a 52-week high price of Rs 1,675 per after the company received permission from the Karnataka State Pollution Control Board to expand plant capacity.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-6215624\"><!-- 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 12:45 p.m.,<strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SANDUMA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sandur Manganese and Iron Ores Ltd<\/a><\/strong> shares were trading at Rs 1,632.95 a share on the National Stock Exchange, up Rs 29 or 1.81 percent and the company has a market capitalization of Rs 4,391 crores.\u00a0<\/p><p>According to company\u2019s exchange filing,The company received Consent for Expansion (CFE) from the Karnataka State Pollution Control Board (KSPCB) in Bengaluru for the expansion \/ increase in Iron Ore production from 1.60 MTPA to 4.50 MTPA, along with proposed 7.0 MTPA Beneficiation Plant and a Downhill Conveyor System.&nbsp;<\/p><p>For the most recent fiscal year, the company reported a net profit margin of 12.74 percent and an operating margin of 18.21 percent, while the company&#8217;s debt-to-equity ratio is 0.11.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3131300393\"><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>Company\u2019s revenue declined by 44 percent year on year,from Rs 651 crore in Q1FY23 to Rs 362 crore in Q1FY24. Net profit increased by 18 percent within the same period, from Rs 33 crore to Rs 39 crore.&nbsp;<\/p><p>Sandur Manganese and Iron Ores shares have delivered 63 percent return in the last six months and 79 percent in a year.\u00a0As per latest shareholding pattern,the promoters own 74.3 percent of the company, while retail investors own 24.63 percent stake.\u00a0<\/p><p>Sandur Manganese &amp; Iron Ores is involved in mining of low phosphorous manganese and iron ore.And company is the fifth-largest iron ore miner in Karnataka and the largest private miner of manganese ore in India.&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><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-4025929423\"><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&#8217;s early-day trade, the Share&#8217;s of the largest manganese ore producer jumped 4 percent to a 52-week high price of Rs 1,675 per after the company received permission from the Karnataka State Pollution Control Board to expand plant capacity.&nbsp; At 12:45 p.m.,Sandur Manganese and Iron Ores Ltd shares were trading at Rs 1,632.95 a [&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":[11769,11767,11766,948,936,11768],"class_list":["post-109159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sandur-manganese-and-iron-ores-expansion","tag-sandur-manganese-and-iron-ores-latest-news","tag-sandur-manganese-and-iron-ores-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-sandur-manganese-and-iron-ores-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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