{"id":112100,"date":"2023-10-18T11:50:14","date_gmt":"2023-10-18T06:20:14","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112100"},"modified":"2023-10-18T11:53:29","modified_gmt":"2023-10-18T06:23:29","slug":"microcap-stocks-hits-upper-circuit-after-it-announces-jv-with-uk-based-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stocks-hits-upper-circuit-after-it-announces-jv-with-uk-based-company\/","title":{"rendered":"Microcap stock hits upper circuit after it announces JV with UK based company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1091136849\"><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 leather manufacturer gained 1.89 percent and hit upper circuit after the company announced a JV with a UK based shoe company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-323658603\"><!-- 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 10:57, 18th october shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/AKI\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Aki India Ltd<\/a><\/strong> were trading at Rs. 16.20 per share up by 1.89 percent from previous closing price of Rs. 15.9 per share. The company has a market capitalization of Rs. 107.49 crores.\u00a0<\/p><p>The reason for this bullish stock price movement is the company announced through a regulatory filing on Bombay stock exchange (BSE) on 17th October that they have entered into Joint venture agreement with a UK based footwear company NPS Shoes Limited. <\/p><p>The newly formed entity will be setting up a manufacturing plant to manufacture\/deal and export leather shoes in India and other countries.\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-2155562998\"><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>Looking at the financial statements, the company&#8217;s revenue increased by 11.3 percent to Rs. 13.19 crores in Q1FY24 from Rs. 11.85 crores in Q1FY23 moreover, net profit went to Rs. 0.31 crores from a loss of 0.26 crores in the same time period.&nbsp;<\/p><p>Having a look at profitability ratios, the company reported return on equity (ROE) of 12.24 percent and return on capital employed (ROCE) of 7.45 percent in the last financial year.&nbsp;<\/p><p>incorporated in the year 1994 Aki India Ltd is engaged in the business of manufacturing and exports of various leather products like Leather Footwear, Leather Bags, Belts and Finished Leather, horse covers etc.&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-1468868870\"><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 leather manufacturer gained 1.89 percent and hit upper circuit after the company announced a JV with a UK based shoe company.&nbsp; At 10:57, 18th october shares of Aki India Ltd were trading at Rs. 16.20 per share up by 1.89 percent from previous closing price of Rs. 15.9 per share. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[13459,13458,13457,948,936],"class_list":["post-112100","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-aki-india-jv-with-us-company","tag-aki-india-latest-news","tag-aki-india-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) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Microcap stock hits upper circuit after it announces JV with UK based company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this microcap leather manufacturer gained 1.89 percent and hit upper circuit after the company announced a JV with a UK based shoe company.\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\/microcap-stocks-hits-upper-circuit-after-it-announces-jv-with-uk-based-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microcap stock hits upper circuit after it announces JV with UK based company\" \/>\n<meta property=\"og:description\" content=\"Shares of this microcap leather manufacturer gained 1.89 percent and hit upper circuit after the company announced a JV with a UK based shoe company.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/microcap-stocks-hits-upper-circuit-after-it-announces-jv-with-uk-based-company\/\" \/>\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=\"2023-10-18T06:20:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-18T06:23:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/Markets-5-Cover-Image.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\/microcap-stocks-hits-upper-circuit-after-it-announces-jv-with-uk-based-company\/\",\"url\":\"https:\/\/tradebrains.in\/features\/microcap-stocks-hits-upper-circuit-after-it-announces-jv-with-uk-based-company\/\",\"name\":\"Microcap stock hits upper circuit after it announces JV with UK based company - 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