{"id":111170,"date":"2023-10-04T19:35:00","date_gmt":"2023-10-04T14:05:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111170"},"modified":"2023-10-04T17:08:12","modified_gmt":"2023-10-04T11:38:12","slug":"smallcap-stock-jumps-up-to-3-5-after-promoters-to-sell-24-27-stake-for-1188-93-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-3-5-after-promoters-to-sell-24-27-stake-for-1188-93-cr\/","title":{"rendered":"Smallcap stock jumps up to 3.5% after promoters to sell 24.27% stake for \u20b9 1,188.93 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2298796032\"><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 promoters of this small-cap company which deals in plastic products to sell 24.27 percent stake to AGP Holdco for 1,188.93 Cr.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-406962684\"><!-- 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 the day\u2019s closing the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/POLYPLEX\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Polyplex Corporation<\/a><\/strong> were trading at Rs. 1,157 up by 1.5 percent from its previous day close price and the market capitalization of the company is 3,635 Cr.\u00a0<\/p><p>As per the company\u2019s filing, Polyplex Corporation\u2019s promoter group have agreed to sell 24.2778 percent stake in the company for an aggregate consideration of 1,188.93 Cr to AGP Holdco Limited. Earlier as of May 2023, the promoters had agreed to sell 24.2778 percent stake in the company for a consideration of 1,379.47 Cr after further discussions between the two parties the above deal was finalised.&nbsp;<\/p><p>The company\u2019s revenue has increased by 34.69 percent from 4,918.27 Cr in FY22 to 6,624.4 Cr in FY23, accompanied by increasing profits of 861.96 Cr to 964.83 Cr.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1087070143\"><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 has reported a return on equity (ROE) of 18.11 percent and return on capital employed (ROCE) of 17.5 percent, this indicates that the company is making decent returns on its equity and capital employed as the profitability ratios are decreasing over time.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 50.97 percent stake, the Domestic Institutional Investors hold 2.82 percent and the Foreign Institutional Investors (FII) hold 10.84 percent.&nbsp;<\/p><p>Polyplex Corporation is engaged in manufacturing of BOPP, Blown PP\/PE and CPP films used in the flexible packaging industry and in industrial usages like release liners, tapes, labels etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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-2918994288\"><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 promoters of this small-cap company which deals in plastic products to sell 24.27 percent stake to AGP Holdco for 1,188.93 Cr.&nbsp; At the day\u2019s closing the shares of Polyplex Corporation were trading at Rs. 1,157 up by 1.5 percent from its previous day close price and the market capitalization of the company is 3,635 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13574,"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":[9356,12794,948,936,5298],"class_list":["post-111170","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-polyplex-corporation-latest-news","tag-polyplex-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-polyplex-share-falling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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