{"id":113042,"date":"2023-11-02T14:04:31","date_gmt":"2023-11-02T08:34:31","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113042"},"modified":"2023-11-02T14:38:07","modified_gmt":"2023-11-02T09:08:07","slug":"penny-stock-hit-5-lower-circuit-after-companys-cfo-tenders-resignation-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hit-5-lower-circuit-after-companys-cfo-tenders-resignation-check-the-details\/","title":{"rendered":"Penny stock hit 5% lower circuit after company\u2019s CFO tenders resignation; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-542500610\"><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 penny stock hit the 5 percent lower circuit after the company\u2019s key top management personnel tendered their resignation w.e.f. October 31st, 2023.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3709309180\"><!-- 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>With a market capitalization of Rs 5 crores, the stocks of East Buildtech Limited hit the 5 percent lower circuit in Thursday\u2019s trading session at Rs 25.32 apiece. Currently, the company\u2019s share is locked in the circuit at the same price.&nbsp;<\/p><p>Such bearish sentiments around the company\u2019s stock are observed after the company, through a regulatory filing with the Bombay Stock Exchange (BSE) dated 31st October 2023, intimated regarding a resignation tendered by one of the top executives of the company.&nbsp;<\/p><p>Ms. Yogita, holding the position of Company Secretary (CS) Compliance Officer (CO), and Chief Financial Officer (CFO) of the Company, has tendered her resignation due to personal reasons. Her last working day was 31st October, 2023.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-540919391\"><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>Coming onto the financial performance during the recent financial years, the company has successfully been able to increase its operating revenues as well as net profits with the former staying uniform at levels of around Rs 50 lakhs during Q1FY24 and Q1FY24, and, the latter, keeping the timeframe the same, moved up marginally from Rs 2 lakhs to Rs 4 lakhs.&nbsp;<\/p><p>As a result of the above, the reported a jump in its profitability metrics with the return on equity (RoE) increasing from 0.27 percent during FY21-22 to 0.67 percent during FY22-23, and, the return on capital employed (RoCE), during the same period, shifted up from 1.26 percent to 1.77 percent.&nbsp;<\/p><p>As per the shareholding pattern data available for the quarter ended September 2023, the company\u2019s Promoters hold a 59.10 percent stake, and the Public (retail) investors hold the remaining stake of 40.90 percent in the company.&nbsp;<\/p><p>Incorporated in 1984, East Buildtech Limited is engaged in the business of acquiring land for the purpose of erection as well as the construction of houses, flats, offices, shops, buildings, apartments, and other infrastructure development activities.&nbsp;<\/p><p><strong>Written by Amit Madnani\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4009588674\"><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 penny stock hit the 5 percent lower circuit after the company\u2019s key top management personnel tendered their resignation w.e.f. October 31st, 2023.&nbsp; With a market capitalization of Rs 5 crores, the stocks of East Buildtech Limited hit the 5 percent lower circuit in Thursday\u2019s trading session at Rs 25.32 apiece. Currently, the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97461,"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":[31,13525],"tags":[],"class_list":["post-113042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"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 hit 5% lower circuit after company\u2019s CFO tenders resignation; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this penny stock hit the 5 percent lower circuit after the company\u2019s key top management personnel tendered their resignation w.e.f. 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