{"id":110711,"date":"2023-09-25T18:30:00","date_gmt":"2023-09-25T13:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=110711"},"modified":"2023-09-25T17:38:06","modified_gmt":"2023-09-25T12:08:06","slug":"penny-stock-hits-5-upper-circuit-after-promoter-buys-3-85-lakh-shares-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-5-upper-circuit-after-promoter-buys-3-85-lakh-shares-check-the-details\/","title":{"rendered":"Penny stock hits 5% upper circuit after Promoter buys 3.85 Lakh shares; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-444209643\"><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>On Monday 25 September, shares of a real estate development company rose by almost 5% after the company\u2019s Promoter acquired 3.85 lakh shares. Year to date, the company\u2019s stock has gained more than 30 percent.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4257522234\"><!-- 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 shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/503816\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Swadeshi polytex<\/a><\/strong> were trading at Rs. 41.26 per share, up 4.99 percent from previous close price of Rs. 39.3. The company has a market capitalization of Rs. 153.27 crore.\u00a0<\/p><p>According to company\u2019s exchange filings, one of the company\u2019s Promoter, viz, \u2018Paharpur Cooling Towers Limited\u2019 has acquired 3,84,523 shares on 22nd September 2023. Pre acquisition, the above-mentioned Promoter held 16.72 percent, and post acquisition, the holding stands at 17.72 percent.&nbsp;<\/p><p>Having a walkthrough of the financials reported, the company\u2019s revenue has increased by 22.38 percent yearly, from Rs. 36.23 crore in Q1FY23 to Rs. 44.34 crore in Q1FY24. During the same time period, the company&#8217;s net profit increased from Rs. 25.45 crore to Rs. 34.87 crore. As of march 2023, the company\u2019s net profit margin was reported at 78.59 percent.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2547459563\"><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>According to the shareholding pattern data available for the quarter ended June 2023, the company\u2019s Promoters hold 66.39 percent stake of the company followed by the public holding 33.54 percent of the company.&nbsp;<\/p><p>Swadeshi polytex is engaged in the business of owning, purchasing, selling, leasing and developing real estate including land, plot, buildings, factories, warehouses, residential, commercial, agricultural and industrial infrastructures. Company also deals in immovable properties and other related assets as owners, advisors, developers, service providers and brokers.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Vinit Israni<\/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-2207396763\"><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>On Monday 25 September, shares of a real estate development company rose by almost 5% after the company\u2019s Promoter acquired 3.85 lakh shares. Year to date, the company\u2019s stock has gained more than 30 percent.&nbsp; The shares of Swadeshi polytex were trading at Rs. 41.26 per share, up 4.99 percent from previous close price of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97870,"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":[11452,948,936,12443,11402,12444],"class_list":["post-110711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-penny-stock-2023","tag-stock-market","tag-stock-market-news","tag-swadeshi-polytex-latest-news","tag-swadeshi-polytex-share-price","tag-why-is-swadeshi-polytex-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 hits 5% upper circuit after Promoter buys 3.85 Lakh shares; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Monday 25 September, shares of a real estate development company rose by almost 5% after the company\u2019s Promoter acquired 3.85 lakh shares. 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