{"id":113305,"date":"2023-11-07T14:24:36","date_gmt":"2023-11-07T08:54:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113305"},"modified":"2023-11-07T14:24:41","modified_gmt":"2023-11-07T08:54:41","slug":"penny-stock-hits-upper-circuit-after-receiving-an-order-worth-50-mil-for-diamonds","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-upper-circuit-after-receiving-an-order-worth-50-mil-for-diamonds\/","title":{"rendered":"Penny stock hits upper circuit after receiving an order worth $50 Mil\u00a0for diamonds"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2705491778\"><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 share of this microcap company hit a 2 percent upper circuit after receiving a significant order valued at USD 50 million. In one year the stock has delivered a multibagger return of 324 percent returns to its investors.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1410098749\"><!-- 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 lakhs a year ago, then, the worth of those shares would be Rs. 4.24 lakhs now.&nbsp;<\/p><p>With a market capitalization of Rs. 200 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/513337\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Gujarat Toolroom Ltd<\/a><\/strong>, engaged in mining business started today\u2019s trading session on a positive note. Within a few minutes of the opening bell, the stock hit a 2 percent upper circuit at Rs. 36.85 which is also recorded as a company\u2019s fresh 52-week high.\u00a0<\/p><p>Such a bullish sentiment was observed after the company in an exchange filing mentioned that it had received a significant order valued at USD 50 million for diamonds.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3059163487\"><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 diamonds procured from the company will be utilized in the manufacturing of exquisite ornaments by the customer. Furthermore, the company mentioned that the customer has already transmitted their signed and sealed order to them, underscoring their commitment to this partnership, and will make an initial advance payment to initiate the order.&nbsp;<\/p><p>Looking at the financials of the company, the revenue declined by 32 percent from Rs. 1.62 crores during Q4 FY 23 to Rs. 1.1 crores in Q1 FY24. On a contrasting note, the net profit marginally increased by 5 percent from Rs. 73 lakhs to Rs. 77 lakhs during the same timeframe.&nbsp;<\/p><p>Coming onto the Important financial ratios, the return on equity (RoE) shifted from -86.27 percent during FY21-22 to 42.96 percent in FY22-23. In addition to this, the return on capital employed increased from -37.66 percent to 43.61 percent during the same period.&nbsp;<\/p><p>According to the latest shareholding pattern, Public or Retail Investors have a majority stake of 99.36 percent in the company and the remaining 0.37 percent is with the Promoters.&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-4089539484\"><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 share of this microcap company hit a 2 percent upper circuit after receiving a significant order valued at USD 50 million. In one year the stock has delivered a multibagger return of 324 percent returns to its investors.&nbsp; For example, if someone had invested Rs. 1 lakhs a year ago, then, the worth of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":113306,"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":[14118,14119,14117,948,936],"class_list":["post-113305","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-gujarat-toolroom-latest-news","tag-gujarat-toolroom-orders","tag-gujarat-toolroom-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 upper circuit after receiving an order worth $50 Mil\u00a0for diamonds - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share of this microcap company hit a 2 percent upper circuit after receiving a significant order valued at USD 50 million. 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