{"id":110347,"date":"2023-09-20T15:15:00","date_gmt":"2023-09-20T09:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110347"},"modified":"2023-09-20T14:39:38","modified_gmt":"2023-09-20T09:09:38","slug":"multibagger-textile-stock-jumps-10-after-nclt-sanctioned-a-demerger-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-jumps-10-after-nclt-sanctioned-a-demerger-check-the-details\/","title":{"rendered":"Multibagger Textile stock jumps 10% after NCLT sanctioned a demerger; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4055904922\"><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 company in the textile industry surged 10.23 per cent to reach a fresh 52-week high of \u20b9 268.90 apiece on the Bombay Stock Exchange (BSE). This happened after the company announced that the NCLT had sanctioned its demerger.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1619156464\"><!-- 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\/JASCHIND\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Jasch Industries<\/a><\/strong> is engaged in manufacturing coated textile\/synthetic leather and electronic thickness gauges. The company\u2019s share price increased from \u20b9 26.10 three years ago to \u20b9 268.90 apiece, thereby delivering multibagger returns of 930.27 per cent. Therefore, if an investor had invested \u20b9 1 lakh in the company\u2019s shares three years ago, the value of their holdings would have been \u20b9 10.30 lakhs today!\u00a0<\/p><p>According to an exchange filing, the company has received an order from the &#8221; National Company Law Tribunal (NCLT), New Delhi Bench, dated September 12, 2023, sanctioning the composite scheme of arrangement between itself (demerged company) and Jasch Gauging Technologies Limited (resulting company) and their respective shareholders and creditors.&nbsp;<\/p><p>According to the filing, the demerged company and the resulting company have their own set of strengths and dynamics in the form of nature of risks, competition, challenges, opportunities and business methods, leading to different growth potentials. Hence, the segregation of the undertakings would help the management to explore potential business opportunities effectively and efficiently. It is proposed that Jasch Gauging Technologies Limited be listed.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2459623891\"><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>With a market capitalization of \u20b9 276 crores, Jasch Industries is a micro-cap company. It has a high return on equity of 23.58 per cent and an ideal debt-to-equity ratio of 0.08. Its shares were trading at a price-to-earnings ratio (P\/E) of 12.83, which is lower than the industry P\/E&nbsp;<\/p><p>of 59.89, indicating that the stock might be undervalued as compared to its peers. The company\u2019s promoters hold a 57.63 per cent stake in it, followed by retail investors with 42.37 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-3149381894\"><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 company in the textile industry surged 10.23 per cent to reach a fresh 52-week high of \u20b9 268.90 apiece on the Bombay Stock Exchange (BSE). This happened after the company announced that the NCLT had sanctioned its demerger.&nbsp; Jasch Industries is engaged in manufacturing coated textile\/synthetic leather and electronic thickness gauges. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12545,"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":[12293,12292,12291,948,936,12294],"class_list":["post-110347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-jasch-industries-demerger","tag-jasch-industries-latest-news","tag-jasch-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-jasch-industries-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>Multibagger Textile stock jumps 10% after NCLT sanctioned a demerger; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of a company in the textile industry surged 10.23 per cent to reach a fresh 52-week high of \u20b9 268.90 apiece on the Bombay Stock Exchange (BSE). 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