{"id":111947,"date":"2023-10-16T15:58:13","date_gmt":"2023-10-16T10:28:13","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111947"},"modified":"2023-10-16T15:58:18","modified_gmt":"2023-10-16T10:28:18","slug":"small-cap-stock-in-green-after-companys-pat-increases-by-264-yoy-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-in-green-after-companys-pat-increases-by-264-yoy-in-q2\/","title":{"rendered":"Small cap stock in green after company&#8217;s PAT increases by 264% YoY in Q2"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2041473551\"><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 this financial services company increased by 1.8 percent after the company announced earnings for Q2FY24.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2216636377\"><!-- 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 2:50, 16th october shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/CHOICEIN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Choice International Ltd<\/a><\/strong> were trading at Rs. 431 per share, up by 1.8 percent from previous closing price of Rs. 423.20 per share.\u00a0<\/p><p>Such bullish stock price movements were observed after the company announced through a regulatory filing on Bombay stock exchange (BSE) results for Q2FY24 in which total revenue has increased by 147 percent from Rs.193.9 crores in Q2FY24 to Rs. 78.5 crores in Q2FY23, in the same time period profit after tax (PAT) increased significantly by 264 percent to Rs. 29.9 crores from Rs. 8.2 crores. Company\u2019s margins went from 10.5 percent to 15.4 percent.&nbsp;<\/p><p>With a market capitalization of 4,207.86 crores, Choice International Ltd has given 36.64 percent returns in the last 6 months and 69.12 percent returns in the last 1 year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1821157584\"><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>Promoters of the company hold 55.97 percent stakes and the public holds 29.05 percent stakes and the remaining 14.97 percent is held by FIIs.&nbsp;<\/p><p>Looking at the profitability ratios, the company reported Return on equity (ROE) of 15.08 percent and return on capital employed (ROCE) of 16.93 percent in the last financial year.&nbsp;<\/p><p>Incorporated in 1993 Choice International Ltd is engaged in the business of providing a wide range of financial services that includes Broking &amp; Distribution, Investment Banking, Financial Services to Business Advisory, Regulatory Compliances to Government authorities &amp; other corporate entities, Retail loan distribution, Mutual Fund distribution, technical services, and other ancillary services.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Vinit Israni&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-2695638920\"><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 this financial services company increased by 1.8 percent after the company announced earnings for Q2FY24.&nbsp; At 2:50, 16th october shares of Choice International Ltd were trading at Rs. 431 per share, up by 1.8 percent from previous closing price of Rs. 423.20 per share.\u00a0 Such bullish stock price movements were observed after the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104923,"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":[13332,13333,13331,948,936],"class_list":["post-111947","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-choice-international-latest-news","tag-choice-international-q2-results-2023","tag-choice-international-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) - 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