{"id":109867,"date":"2023-09-13T14:30:42","date_gmt":"2023-09-13T09:00:42","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109867"},"modified":"2023-09-13T14:31:54","modified_gmt":"2023-09-13T09:01:54","slug":"porinju-veliyath-stock-jumps-8-after-company-plans-to-invest-nearly-700-cr-for-expansion","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/porinju-veliyath-stock-jumps-8-after-company-plans-to-invest-nearly-700-cr-for-expansion\/","title":{"rendered":"Porinju Veliyath stock jumps 8% after company plans to invest nearly \u20b9 700 Cr for expansion"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-368444509\"><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 micro cap stock owned by Ace Investor Porinju Veliyath jumped 8% in the trading session after the company published its recent investor presentation. The slides contain details about the company\u2019s expansion and growth plans for the future.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2656572733\"><!-- 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\/MAXIND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Max India<\/a><\/strong> opened at Rs. 138.05 per share and gained 8% to reach its intra- day high of Rs. 152.25 per piece. In the last six months, the stock returned 71.4%. In the last three years, it grew by 114.22%<\/p><p>According to the company\u2019s investor presentation released on 13 September 2023, Max is focusing on the emerging senior care space market in India currently valued at $10-12 billion. It launched Antara, a wholly owned subsidiary, which is focused on creating an integrated senior care system. <\/p><p>In the last thirty six months, the company has successfully seeded the business and earned a significant profit. Out of their multiple service segments, use of medical equipment is expected to grow at a\u00a0 potential CAGR of 18-20% by 2025. The non-prescription healthcare industry is estimated to grow to Rs. 40,000 crore by FY28. <\/p><div class=\"trade-content_5\" id=\"trade-233783205\"><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>Keeping its business verticals in sight, Antara has planned to invest around Rs. 550-700 crore in the upcoming five years. The company has currently invested Rs. 397 crore in their residences for seniors segment and Rs. 84 crore in Antara\u2019s assisted care services.<\/p><p>Comparing its financials on a QoQ basis, the company has recorded its figures in red. Its revenue fell by 19.2% from Rs. 56.35 crore in Q4FY23 to Rs. 45.5 crore in Q1FY24. It reported a net loss of Rs. 3.79 crore in Q4FY23 which increased to Rs. 12.2 crore in Q1FY24. It has a low debt to equity ratio of 0.04 and returns an ROE of 1.76%<\/p><p>Max India is part of the Max conglomerate which is focused on healthcare and insurance services. The company runs its options through many of its subsidiaries and provides individual and group insurance products along with treasury investment services.<\/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-4229275182\"><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 micro cap stock owned by Ace Investor Porinju Veliyath jumped 8% in the trading session after the company published its recent investor presentation. The slides contain details about the company\u2019s expansion and growth plans for the future. Max India opened at Rs. 138.05 per share and gained 8% to reach its intra- day high [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":100915,"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":[12071,12069,12068,948,936,12070],"class_list":["post-109867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-max-india-expansion-plan","tag-max-india-latest-news","tag-max-india-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-max-india-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>Porinju Veliyath stock jumps 8% after company plans to invest nearly \u20b9 700 Cr for expansion - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This micro cap stock owned by Ace Investor Porinju Veliyath jumped 8% in the trading session after the company published its recent investor presentation. 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