{"id":113226,"date":"2023-11-06T14:26:51","date_gmt":"2023-11-06T08:56:51","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113226"},"modified":"2023-11-06T14:26:57","modified_gmt":"2023-11-06T08:56:57","slug":"multibagger-stock-hits-upper-circuit-after-its-net-profit-increases-by-117-qoq","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-hits-upper-circuit-after-its-net-profit-increases-by-117-qoq\/","title":{"rendered":"Multibagger stock hits upper circuit after its net profit increases by 117% QoQ\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1803385698\"><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>The shares of this micro-cap company hit a 2 percent upper circuit after announcing June-September results. In just 6 months, the company\u2019s stock has delivered multibagger returns of 255 percent to its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2293457359\"><!-- 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>For example, if someone had invested Rs. 1 lakh six months ago, then, the worth of those shares would be Rs. 3.5 lakhs now.&nbsp;<\/p><p>With a market capitalization of Rs. 738 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/522257\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Rajoo Engineers Ltd<\/a><\/strong> started its Monday trading session on a higher note. The share hit a 2 percent upper circuit at Rs. 122 within a few minutes of the opening bell.\u00a0<\/p><p>Such a positive moment was observed after the company announced its Q2 FY24 results. The revenue increased approximately by 72 percent from Rs. 31.21 crores during the June quarter to Rs. 53.53 crores in the September quarter. In addition to this, net profit zoomed by 117 percent from Rs. 2.46 crores to Rs. 5.36 crores keeping the timeframe the same.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2445110247\"><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>Comparing these metrics on a YoY basis, the revenue jumped by approximately 60 percent from Rs. 33.63 crores during Q2 FY23 to Rs. 53.53 in Q2 FY24. Moreover, the net profit increased by 60 percent from Rs. 3.34 crores to Rs. 5.36 crores during the same time horizon.&nbsp;<\/p><p>Coming on to the important financial ratios, the return on equity was at 11.06 percent during FY22-23, and the return on capital employed was recorded at 14.59 percent during the same period.&nbsp;<\/p><p>According to the latest shareholding pattern, Promoters have a 66.33 percent stake in the company and the remaining 33.67 percent shares are with Retail Investors or the Public.&nbsp;<\/p><p>Headquartered in Rajkot, Rajoo Engineers Limited has expertise in blown film lines, sheet lines, and thermoformers in the Indian sub-continent, and is in a position of leadership amongst Asian manufacturers of similar equipment. A sought-after name in global markets, the exports accounting for over 50% of sales is indicative.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/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-1627676147\"><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>The shares of this micro-cap company hit a 2 percent upper circuit after announcing June-September results. In just 6 months, the company\u2019s stock has delivered multibagger returns of 255 percent to its stakeholders.&nbsp; For example, if someone had invested Rs. 1 lakh six months ago, then, the worth of those shares would be Rs. 3.5 [&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":[14046,14047,8932,948,936],"class_list":["post-113226","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-rajoo-engineers-latest-news","tag-rajoo-engineers-q2-results-fy24","tag-rajoo-engineers-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>Multibagger stock hits upper circuit after its net profit increases by 117% QoQ\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this micro-cap company hit a 2 percent upper circuit after announcing June-September results. 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