{"id":113278,"date":"2023-11-07T11:25:12","date_gmt":"2023-11-07T05:55:12","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113278"},"modified":"2023-11-07T11:25:17","modified_gmt":"2023-11-07T05:55:17","slug":"auto-ancillary-stock-hits-5-upper-circuit-after-it-reports-57-increase-in-net-profits-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/auto-ancillary-stock-hits-5-upper-circuit-after-it-reports-57-increase-in-net-profits-in-q2\/","title":{"rendered":"Auto Ancillary stock hits 5% upper circuit after it reports 57% 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-2159179868\"><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 India&#8217;s largest manufacturer of pistons and engine valves gained 5 percent to Rs 1,054.80 a share after the company announced Strong Q2 results.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3805809051\"><!-- 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 11:10 a.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SHRIPISTON\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Shriram Pistons &amp; Rings Ltd<\/a><\/strong> shares were quoted at Rs 1,051 a share, up 4.62 percent from the previous close price.\u00a0<\/p><p>Shriram Pistons &amp; Rings Ltd reported a 16.5 percent increase in revenue year on year, from Rs 664 crore in Q2FY23 to Rs 774 crore in Q2FY24. During the same period, net profit increased by 57 percent from Rs 72 crore to Rs 113 crore.&nbsp;<\/p><p>In comparison to the previous quarter, operational revenue increased by 5.3 percent from Rs 735 crore in Q1FY24 to Rs 774 crore in Q2FY24, Further net profit has increased by 11 percent from Rs 101 crore to Rs 113 crore. According to the company&#8217;s exchange filing.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1970923956\"><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>The Company&#8217;s return on equity increased from 13.13 percent in FY22 to 19.33 percent in FY23, while the return on capital employed rose from 16.86 percent to 23.21 percent during the same period.&nbsp;<\/p><p>Shriram Pistons &amp; Rings shares have gained 69 percent in the last six months and a multibagger return of 121 percent in a year. A shareholder investment of Rs 1 lakh in the company would be worth Rs 2.21 lakh in the year.&nbsp;<\/p><p>According to the recent shareholding pattern, the company promoters hold a 46.75 percent stake in the company, while Domestic Institutional Investors hold a 9.29 percent stake. And retail investors have a 43.88 percent stake in the company.&nbsp;<\/p><p>Shriram Pistons &amp; Rings Ltd is primarily engaged in the business of manufacturing of pistons, piston pins, piston rings, and engine valves for various automotive companies in the domestic and export markets.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/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-575921547\"><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 India&#8217;s largest manufacturer of pistons and engine valves gained 5 percent to Rs 1,054.80 a share after the company announced Strong Q2 results.\u00a0 At 11:10 a.m., Shriram Pistons &amp; Rings Ltd shares were quoted at Rs 1,051 a share, up 4.62 percent from the previous close price.\u00a0 Shriram Pistons &amp; Rings Ltd [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":102700,"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":[9571,10873,13995,14094,948,936],"class_list":["post-113278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-shriram-pistons-rings-latest-news","tag-shriram-pistons-rings-share","tag-shriram-pistons-and-rings-latest-news","tag-shriram-pistons-q2-results-fy24","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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