{"id":110111,"date":"2023-09-15T12:47:43","date_gmt":"2023-09-15T07:17:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110111"},"modified":"2023-09-15T12:47:49","modified_gmt":"2023-09-15T07:17:49","slug":"penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/","title":{"rendered":"Penny stock jumps 9.5% after management sets optimistic growth plans for FY&#8217;24"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3520010871\"><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 penny stock rose 9.5% within the first half hour of markets opening on Friday after management set high growth prospects for this fiscal year. The volumes were driven up to 3x the monthly average and yesterday\u2019s volumes. <\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4036782829\"><!-- 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>The stock currently trades at Rs. 23.51 versus Rs. 23.06 at yesterday\u2019s closing with a market cap of Rs. 31 crore. Price currently is 24% away from 52 week high, 14% and 20% away from it\u2019s 20 day and 200 day moving averages respectively.\u00a0<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/540168\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Supra Pacific Financial Services Ltd<\/a><\/strong> (\u201cSupra\u201d) stated in a filing dated 14th September 2023 it\u2019s the current business position and future business. The filing also stated their intent to conduct press meetings in the next few days, detailing the current business position and future business plans.\u00a0<\/p><p>Firstly, Supra proposed expansion of its branch network across the country and build the brand as a systemically important entity in two years down the line. The company currently has 15 branches in Mumbai \u2013 Maharashtra, 10 branches in Karnataka and 10 branches in 10 districts of Kerala. The company intends to open 40 more branches in the state of Kerala in this FY and it is projected to have a total of more than 80 branches by the end of this FY, across the country.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2410056644\"><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>Next, the company anticipates an increase in AUM to the tune of Rs. 500 crore by FY 2025-26. Currently the AUM is Rs 85 crore of which includes Rs 55 crore Gold Loans, Rs 23 Cr Auto Loans. Also, Supra aims a Rs. 200 crore net worth by FY26 from the current Rs. 20 crore.\u00a0<\/p><p>Supra Pacific Financial Services Limited operates as a non-banking finance company in India. The Board of Directors at Supra constitute persons with vast experience in NBFC, Senior level Bankers and experienced company secretaries. <\/p><p>Currently the company has a good portfolio of gold loans, Auto Loans, Micro Finance and Trade advances. Management proposes to start off balance sheet lending jointly with reputed NBFCs\/banks in the country.\u00a0<\/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-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-376188435\"><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 penny stock rose 9.5% within the first half hour of markets opening on Friday after management set high growth prospects for this fiscal year. The volumes were driven up to 3x the monthly average and yesterday\u2019s volumes. The stock currently trades at Rs. 23.51 versus Rs. 23.06 at yesterday\u2019s closing with a market cap [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104924,"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":[948,936,12183,12182,12184],"class_list":["post-110111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-supra-pacific-financial-services-latest-news","tag-supra-pacific-financial-services-share-price","tag-why-is-supra-pacific-financial-services-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>Penny stock jumps 9.5% after management sets optimistic growth plans for FY&#039;24 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This penny stock rose 9.5% within the first half hour of markets opening on Friday after management set high growth prospects for this fiscal year. The volumes were driven up to 3x the monthly average and yesterday\u2019s volumes.\" \/>\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\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock jumps 9.5% after management sets optimistic growth plans for FY&#039;24\" \/>\n<meta property=\"og:description\" content=\"This penny stock rose 9.5% within the first half hour of markets opening on Friday after management set high growth prospects for this fiscal year. The volumes were driven up to 3x the monthly average and yesterday\u2019s volumes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-15T07:17:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-15T07:17:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/\",\"name\":\"Penny stock jumps 9.5% after management sets optimistic growth plans for FY'24 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.jpg\",\"datePublished\":\"2023-09-15T07:17:43+00:00\",\"dateModified\":\"2023-09-15T07:17:49+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"This penny stock rose 9.5% within the first half hour of markets opening on Friday after management set high growth prospects for this fiscal year. The volumes were driven up to 3x the monthly average and yesterday\u2019s volumes.\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Penny stock jumps 9.5% after management sets optimistic growth plans for FY&#8217;24\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Penny stock jumps 9.5% after management sets optimistic growth plans for FY'24 - Trade Brains Features","description":"This penny stock rose 9.5% within the first half hour of markets opening on Friday after management set high growth prospects for this fiscal year. The volumes were driven up to 3x the monthly average and yesterday\u2019s volumes.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/","og_locale":"en_US","og_type":"article","og_title":"Penny stock jumps 9.5% after management sets optimistic growth plans for FY'24","og_description":"This penny stock rose 9.5% within the first half hour of markets opening on Friday after management set high growth prospects for this fiscal year. The volumes were driven up to 3x the monthly average and yesterday\u2019s volumes.","og_url":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-09-15T07:17:43+00:00","article_modified_time":"2023-09-15T07:17:49+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/","url":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/","name":"Penny stock jumps 9.5% after management sets optimistic growth plans for FY'24 - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.jpg","datePublished":"2023-09-15T07:17:43+00:00","dateModified":"2023-09-15T07:17:49+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"This penny stock rose 9.5% within the first half hour of markets opening on Friday after management set high growth prospects for this fiscal year. The volumes were driven up to 3x the monthly average and yesterday\u2019s volumes.","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-2.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-9-5-after-management-sets-optimistic-growth-plans-for-fy24\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Penny stock jumps 9.5% after management sets optimistic growth plans for FY&#8217;24"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/110111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=110111"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/110111\/revisions"}],"predecessor-version":[{"id":110112,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/110111\/revisions\/110112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/104924"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=110111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=110111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=110111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}