{"id":110178,"date":"2023-09-15T16:45:31","date_gmt":"2023-09-15T11:15:31","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110178"},"modified":"2023-09-15T16:45:36","modified_gmt":"2023-09-15T11:15:36","slug":"defence-stock-jumps-3-after-its-management-targets-37-increase-in-revenue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-3-after-its-management-targets-37-increase-in-revenue\/","title":{"rendered":"Defence stock jumps 3% after its management targets 37% increase in revenue\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2000622783\"><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>Shares of a defence company zoomed 3.31 per cent on Friday to reach an intraday high of \u20b9 424.40 apiece on the National Stock Exchange (NSE) after Its management\u2019s positive commentary on revenue. Its shares settled at \u20b9 420.95 apiece.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3443971647\"><!-- 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\/MIDHANI\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Mishra Dhatu Nigam Ltd.<\/a><\/strong> has been assisting ISRO since the start of the Chandrayaan-3 mission. The company produces diverse alloys, including titanium and specialised steels. Moreover, it provides metallurgical testing and consultancy, which is endorsed by the National Accreditation Board of Laboratories.\u00a0<\/p><p>According to a report, Sanjay Kumar Jha, Chairman &amp; Managing Director, Mishra Dhatu Nigam, told CNBC-TV18 in an interaction that the company has already booked orders of \u20b9 600 crore with a target revenue of \u20b9 1,200 crore in FY24. This target is 37.62 per cent higher than \u20b9 871.94 crores reported in FY23.&nbsp;<\/p><p>He added that the FY24 contribution from the space segment will be approximately 30 per cent and that he sees incremental revenue of \u20b9 300 crore from newly commissioned facilities. He said that the margin range is 30-35 per cent currently and is likely to remain in the same range.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-349919594\"><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 company\u2019s share price increased by a whopping 121 per cent in the past six months, as its share price increased from \u20b9 190.45 to \u20b9 420.95. Therefore, if an investor had invested \u20b9 1 lakh in the company\u2019s shares five years ago, the value of their holdings would have been \u20b9 2.21 lakh today!&nbsp;<\/p><p>With a market capitalization of \u20b9 7,694 crores, Mishra Dhatu Nigam is a small-cap company. It has a low return on equity of 10.28 per cent and an ideal debt-to-equity ratio of 0.38. Its shares were trading at a price-to-earnings ratio (P\/E) of 48.95, which is higher than the industry P\/E of 23.28, indicating that the stock might be overvalued as compared to its peers.&nbsp;<\/p><p>The Government of India holds a 74 per cent stake in it, followed by retail investors with 11.94 per cent, mutual funds with 11.33 per cent, domestic institutions with 1.78 per cent and foreign institutions with 0.95 per cent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/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-3322476765\"><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>Shares of a defence company zoomed 3.31 per cent on Friday to reach an intraday high of \u20b9 424.40 apiece on the National Stock Exchange (NSE) after Its management\u2019s positive commentary on revenue. Its shares settled at \u20b9 420.95 apiece.&nbsp; Mishra Dhatu Nigam Ltd. has been assisting ISRO since the start of the Chandrayaan-3 mission. [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98521,"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":[10420,10421,10419,948,936],"class_list":["post-110178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mishra-dhatu-nigam-latest-news","tag-mishra-dhatu-nigam-latest-order","tag-mishra-dhatu-nigam-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>Defence stock jumps 3% after its management targets 37% increase in revenue\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of a defence company zoomed 3.31 per cent on Friday to reach an intraday high of \u20b9 424.40 apiece on the National Stock Exchange (NSE) after Its management\u2019s positive commentary on revenue. 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