{"id":112152,"date":"2023-10-18T14:35:56","date_gmt":"2023-10-18T09:05:56","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=112152"},"modified":"2023-10-18T14:36:02","modified_gmt":"2023-10-18T09:06:02","slug":"penny-stock-hits-20-upper-circuit-after-it-reports-61-increase-in-net-profits-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-it-reports-61-increase-in-net-profits-in-q2\/","title":{"rendered":"Penny stock hits 20% upper circuit after it reports 61% increase in net profits in Q2"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3997546608\"><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 FMCG microcap company gained 19.99 percent after the company reported 50 percent revenue growth and more than 60 percent profit growth.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2739704790\"><!-- 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 02:30 shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/531982\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Spectrum Foods Ltd<\/a><\/strong> were trading at Rs. 80.43 per share, up by 19.9 percent from previous closing price of Rs. 67.03 per share. The company has a market capitalization of 39 crores.\u00a0<\/p><p>Such bullish stock price movements were observed after the company announced results of Q2 through a regulatory filing on Bombay stock exchange (BSE). Company reported 50 percent increase in revenue and 61 percent increase in profits compared to the same quarter in the previous financial year.\u00a0<\/p><p>Company reported revenue of Rs. 5.04 crores in Q2FY24 that is 50 percent increase from Rs. 3.37 crores in Q2FY23 Moreover, profit reported in Q2FY24 is Rs. 3.3 crores which is 61 percent increase from Rs. 2.04 crores in Q2FY23.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2209008937\"><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 profitability ratios, the company reported return on capital employed (ROCE) of 4.67 percent and current ratio of 1.12 in the last financial year.&nbsp;<\/p><p>Incorporated in 1994 Spectrum Foods Limited is an India-based company, which is engaged in the manufacturing of salt and spices. Company specialises in popular gluten-free, wheat-free, sugar-free, and Pritikin-diet branded items. It sells them through its website efoodpantry.com.&nbsp;<\/p><p><strong>Written by: Vinit Israni<\/strong><strong>&nbsp;<\/strong><\/p><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-396269913\"><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 FMCG microcap company gained 19.99 percent after the company reported 50 percent revenue growth and more than 60 percent profit growth.\u00a0 At 02:30 shares of Spectrum Foods Ltd were trading at Rs. 80.43 per share, up by 19.9 percent from previous closing price of Rs. 67.03 per share. The company has a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"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":[13476,13477,13475,948,936],"class_list":["post-112152","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-spectrum-foods-latest-news","tag-spectrum-foods-q2-results-2024","tag-spectrum-foods-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>Penny stock hits 20% upper circuit after it reports 61% increase in net profits in Q2 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this FMCG microcap company gained 18.99 percent after the company reported 50 percent revenue growth and more than 60 percent profit growth.\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\/penny-stock-hits-20-upper-circuit-after-it-reports-61-increase-in-net-profits-in-q2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock hits 20% upper circuit after it reports 61% increase in net profits in Q2\" \/>\n<meta property=\"og:description\" content=\"Shares of this FMCG microcap company gained 18.99 percent after the company reported 50 percent revenue growth and more than 60 percent profit growth.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-it-reports-61-increase-in-net-profits-in-q2\/\" \/>\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=\"2023-10-18T09:05:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-18T09:06:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-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\/penny-stock-hits-20-upper-circuit-after-it-reports-61-increase-in-net-profits-in-q2\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-20-upper-circuit-after-it-reports-61-increase-in-net-profits-in-q2\/\",\"name\":\"Penny stock hits 20% upper circuit after it reports 61% increase in net profits in Q2 - 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