{"id":110438,"date":"2023-09-21T13:03:04","date_gmt":"2023-09-21T07:33:04","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110438"},"modified":"2023-09-21T13:03:09","modified_gmt":"2023-09-21T07:33:09","slug":"tirupati-starch-chemicals-stock-jumps-up-to-4-3-after-the-petition-ruled-in-the-companys-favor","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tirupati-starch-chemicals-stock-jumps-up-to-4-3-after-the-petition-ruled-in-the-companys-favor\/","title":{"rendered":"Tirupati Starch &#038; Chemicals stock jumps up to 4.3% after the petition ruled in the company\u2019s favor\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3611541637\"><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>The shares of this agro company rose 2 percent to Rs 81.38 a share on Thursday after the Madhya Pradesh Electricity Regulatory Commission approved the company&#8217;s petition.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4045299205\"><!-- 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>At 12:10 p.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/524582\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Tirupati Starch &amp; Chemicals Ltd<\/a><\/strong> shares were trading at Rs 80 per share, up 0.28 from the previous close price. The company has a market capitalization of Rs 64 crore.\u00a0<\/p><p>According to the company\u2019s exchange filing, Tirupati Starch &amp; Chemicals filed a petition with the Hon&#8217;ble Madhya Pradesh Electricity Regulatory Commission, Bhopal (Authority) on 14th August 2023, challenging the demand for Additional Surcharge towards captive power consumption raised by Madhya Pradesh Paschim Kshetra Vidyut Vitaram Company Limited (MPPKVCL), and the Authority ruled in the company&#8217;s favor. As a result, the Company&#8217;s contingent obligation of Rs. 175.79 Lakhs is no longer present.&nbsp;<\/p><p>The company\u2019s revenue has declined by 24 percent year on year, from Rs 99 crore in Q1FY23 to Rs 75 crore in Q1FY24. During the same period, Net profit has increased by 200 percent by 41 percent from Rs 0.39 crore to Rs 0.55 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2738545990\"><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>For the recent financial year, the company reported a return on equity of 14.27 percent and a return on capital employed of 13.98 percent.&nbsp;<\/p><p>Tirupati Starch &amp; Chemicals shares have delivered a return of 19 percent in the previous six months, and a return of 9 percent in a year.&nbsp;<\/p><p>According to the latest shareholding pattern, the promoters of the company hold a 67.99 percent stake, and retail investors hold a 31.7 percent stake.&nbsp;<\/p><p>Tirupati Starch &amp; Chemicals Ltd manufactures Starch, Dextrose Anhydrous, and other Products. The product range of the company includes Starch &amp; its By Products, Dextrose Anhydrous IP, Dextrose Monohydrate, Liquid Dextrose, Glucose-D, and Hydrol.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/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-1918884190\"><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>The shares of this agro company rose 2 percent to Rs 81.38 a share on Thursday after the Madhya Pradesh Electricity Regulatory Commission approved the company&#8217;s petition.&nbsp; At 12:10 p.m., Tirupati Starch &amp; Chemicals Ltd shares were trading at Rs 80 per share, up 0.28 from the previous close price. The company has a market [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":110439,"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":[948,936,12329,12328,12330],"class_list":["post-110438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-tirupati-starch-chemicals-latest-news","tag-tirupati-starch-chemicals-share-price","tag-why-is-tirupati-starch-chemicals-share-going-p"],"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>Tirupati Starch &amp; Chemicals stock jumps up to 4.3% after the petition ruled in the company\u2019s favor\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this agro company rose 2 percent to Rs 81.38 a share on Thursday after the Madhya Pradesh Electricity Regulatory Commission approved the company&#039;s petition.\u00a0\" \/>\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\/tirupati-starch-chemicals-stock-jumps-up-to-4-3-after-the-petition-ruled-in-the-companys-favor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tirupati Starch &amp; Chemicals stock jumps up to 4.3% after the petition ruled in the company\u2019s favor\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of this agro company rose 2 percent to Rs 81.38 a share on Thursday after the Madhya Pradesh Electricity Regulatory Commission approved the company&#039;s petition.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/tirupati-starch-chemicals-stock-jumps-up-to-4-3-after-the-petition-ruled-in-the-companys-favor\/\" \/>\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=\"2023-09-21T07:33:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T07:33:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/09\/Tirupati-Starch-Chemicals.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\/tirupati-starch-chemicals-stock-jumps-up-to-4-3-after-the-petition-ruled-in-the-companys-favor\/\",\"url\":\"https:\/\/tradebrains.in\/features\/tirupati-starch-chemicals-stock-jumps-up-to-4-3-after-the-petition-ruled-in-the-companys-favor\/\",\"name\":\"Tirupati Starch & Chemicals stock jumps up to 4.3% after the petition ruled in the company\u2019s favor\u00a0 - 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