{"id":111975,"date":"2023-10-16T17:40:35","date_gmt":"2023-10-16T12:10:35","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111975"},"modified":"2023-10-16T17:44:36","modified_gmt":"2023-10-16T12:14:36","slug":"microcap-stock-jumps-up-to-5-after-company-decides-to-raise-up-to-50-cr-via-rights-issue","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-up-to-5-after-company-decides-to-raise-up-to-50-cr-via-rights-issue\/","title":{"rendered":"Microcap stock jumps up to 5% after company decides to raise up to \u20b9 50 Cr via rights issue"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3736436492\"><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 microcap paper company gained 4.65 percent after the company approved to raise up to 50 crores from right issue.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3981823689\"><!-- 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 10.35 16th october shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MAGNUM\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Magnum Ventures Ltd<\/a><\/strong> were trading at Rs. 42.70 per share up by 4.65 percent from previous closing price of Rs. 40.80 per share.&nbsp;<\/p><p>Such bullish stock price movement was observed after the company announced through a regulatory filing on Bombay stock exchange (BSE) on 13th october that they have approved raising of funds on a right basis (right issues) for a value not exceeding Rs. 50 crores.&nbsp;<\/p><p>Looking at the financials, company\u2019s revenue decreased by 3.16 percent to Rs. 112.31 crores in Q1FY24 from Rs. 115.98 crores in Q1FY23, in the same time period net profit decreased by 92.26 percent to Rs. 3.45 crores from Rs. 44.59 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2076766976\"><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>Talking about the financial ratios, the company reported return on capital employed (ROCE) of 34.55 percent and return on assets (ROA) of 10.44 percent in the last financial year.&nbsp;<\/p><p>Promoters of the company hold 63.23 percent stakes and the public holds 36.65 percent stakes in the company.&nbsp;<\/p><p>Magnum currently operates in the Paper Industry and Hotel Industry. The Company has been manufacturing papers for 30+ Years. Company is one of the largest paper (newsprint, duplex board, etc.) printing co in the Northern region.&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-3320616828\"><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 microcap paper company gained 4.65 percent after the company approved to raise up to 50 crores from right issue.&nbsp; At 10.35 16th october shares of Magnum Ventures Ltd were trading at Rs. 42.70 per share up by 4.65 percent from previous closing price of Rs. 40.80 per share.&nbsp; Such bullish stock price [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104924,"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":[13375,13374,13376,10548,948,936],"class_list":["post-111975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-magnum-ventures-fund-raise","tag-magnum-ventures-latest-news","tag-magnum-ventures-rights-issue","tag-magnum-ventures-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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