{"id":109216,"date":"2023-09-06T18:58:20","date_gmt":"2023-09-06T13:28:20","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109216"},"modified":"2023-09-06T18:58:34","modified_gmt":"2023-09-06T13:28:34","slug":"small-cap-stock-surges-6-after-mutual-fund-bought-stake-worth-86-crore","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-surges-6-after-mutual-fund-bought-stake-worth-86-crore\/","title":{"rendered":"Small cap stock surges 6% after Mutual Fund bought stake worth \u20b9 86 Cr in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3938075065\"><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>Stock of this investment company surged more than 6% in the market today after a bulk deal took place. The details about the buyer and seller were updated in the BSE exchange after the market closed.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-748393615\"><!-- 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>Share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/JMFINANCIL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">JM Financial<\/a><\/strong> closed at Rs. 92.40 per piece. The stock gained 6.4% to reach its intra- day high of Rs. 94.80 apiece. The stock has returned 37.53% in the last six months and 39.03% in the last one year.<\/p><p>According to BSE, On 6 September 2023, Quant Mutual Fund bought 0.9% stake, 94 lakhs equity shares in the company of face value of Rs.10 each at Rs.91 per share. On a similar note, Valiant Mauritius Partners Offshore Limited sold 0.8% stake, 76 lakhs equity shares in the company of face value of Rs.10 each at Rs.91.02 per share.<\/p><p>The company has a market capitalization of Rs. 8523.35 crore. According to its recent financials, the company saw an increase in its revenue for 26% from Rs. 845.6 crore in Q4FY23 to Rs. 1064.95 crore in Q1FY24. Its net profit rose 190.4% from Rs. 57.11 crore in Q4FY23 to Rs. 165.98 crore in Q1FY24. The company maintains a P\/E ratio of 14.33 against its industry average ratio of 28.14.<\/p><div class=\"trade-content_5\" id=\"trade-986378255\"><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>JM Financial Limited is a financial service company based in India. The company operates as an investment bank and caters to various corporate, institutional and government clients. JM also offers its services as a mortgage lending firm along with AWS services.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/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-2637105135\"><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>Stock of this investment company surged more than 6% in the market today after a bulk deal took place. The details about the buyer and seller were updated in the BSE exchange after the market closed. Share price of JM Financial closed at Rs. 92.40 per piece. The stock gained 6.4% to reach its intra- [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"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":[11791,11790,11789,948,936],"class_list":["post-109216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-jm-financial-bulk-deal","tag-jm-financial-latest-news","tag-jm-financial-share-price","tag-stock-market","tag-stock-market-news"],"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>Small cap stock surges 6% after Mutual Fund bought stake worth \u20b9 86 Cr in the company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Stock of this investment company surged more than 6% in the market today after a bulk deal took place. 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