{"id":113361,"date":"2023-11-08T12:12:11","date_gmt":"2023-11-08T06:42:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113361"},"modified":"2023-11-08T12:53:32","modified_gmt":"2023-11-08T07:23:32","slug":"smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/","title":{"rendered":"Smallcap stock jumps more than 11% after reporting profit of \u20b9 94 cr against losses YoY\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4190503281\"><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 small cap piping company gained 11.13 percent after the company reported robust results for Q2FY24. The company has a market capitalization of Rs. 6,843.18 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3146899220\"><!-- 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 10:50, 8th November shares of Prince Pipes and Fittings Ltd were trading at Rs. 694.65 per share, up by 11.13 percent from previous closing price of Rs. 625.20 per share. The stock has delivered 22.25 percent returns in the last 1 year.\u00a0<\/p><p>Such bullish stock price movements were observed after the company announced results for Q2FY24 and reported profit of Rs. 94 crores compared to loss of Rs. 11 crores in the same quarter of previous financial year. Company\u2019s revenue grew by 3 percent on a yearly basis and reported margins of 14.3 percent in this quarter.&nbsp;<\/p><p>Talking about the profitability ratios, the company reported return on equity (ROE) of 9.24 percent and return on capital employed (ROCE) of 12.4 percent in the last financial year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2784986912\"><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 promoters possess roughly 60.94 percent of the shares, while the Domestic institutional investors (DIIs) owns 18.56 percent with the public holding of 15.49 percent leaving the remaining 5.01 percent shares with the foreign institutional investors (FIIs).&nbsp;<\/p><p>Prince Pipes is a company that excels in the production of high-quality plumbing, sewerage, and drainage pipe systems designed for use in residential and commercial settings. Additionally, they manufacture CPVC piping systems and industrial pipes for various applications in industrial and infrastructure projects.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>Written by: Vinit Israni\u00a0<\/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-2029672747\"><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 small cap piping company gained 11.13 percent after the company reported robust results for Q2FY24. The company has a market capitalization of Rs. 6,843.18 crores.&nbsp; At 10:50, 8th November shares of Prince Pipes and Fittings Ltd were trading at Rs. 694.65 per share, up by 11.13 percent from previous closing price of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":111916,"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":[2978,5447],"class_list":["post-113361","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates","tag-small-cap","tag-small-cap-2023"],"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>Smallcap stock jumps more than 11% after reporting profit of \u20b9 94 cr against losses YoY\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this small cap piping company gained 11.13 percent after the company reported robust results for Q2FY24. The company has a market capitalization of Rs. 6,843.18 crores.\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\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-\u20b9-94-cr-against-losses-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock jumps more than 11% after reporting profit of \u20b9 94 cr against losses YoY\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of this small cap piping company gained 11.13 percent after the company reported robust results for Q2FY24. The company has a market capitalization of Rs. 6,843.18 crores.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-\u20b9-94-cr-against-losses-yoy\/\" \/>\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=\"2023-11-08T06:42:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-08T07:23:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pvc-pipes.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:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pvc-pipes.jpg\" \/>\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\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/\",\"name\":\"Smallcap stock jumps more than 11% after reporting profit of \u20b9 94 cr against losses YoY\u00a0 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pvc-pipes.jpg\",\"datePublished\":\"2023-11-08T06:42:11+00:00\",\"dateModified\":\"2023-11-08T07:23:32+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Shares of this small cap piping company gained 11.13 percent after the company reported robust results for Q2FY24. The company has a market capitalization of Rs. 6,843.18 crores.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pvc-pipes.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pvc-pipes.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Smallcap stock jumps more than 11% after reporting profit of \u20b9 94 cr against losses YoY\u00a0\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Smallcap stock jumps more than 11% after reporting profit of \u20b9 94 cr against losses YoY\u00a0 - Trade Brains Features","description":"Shares of this small cap piping company gained 11.13 percent after the company reported robust results for Q2FY24. The company has a market capitalization of Rs. 6,843.18 crores.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-\u20b9-94-cr-against-losses-yoy\/","og_locale":"en_US","og_type":"article","og_title":"Smallcap stock jumps more than 11% after reporting profit of \u20b9 94 cr against losses YoY\u00a0","og_description":"Shares of this small cap piping company gained 11.13 percent after the company reported robust results for Q2FY24. The company has a market capitalization of Rs. 6,843.18 crores.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-\u20b9-94-cr-against-losses-yoy\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-11-08T06:42:11+00:00","article_modified_time":"2023-11-08T07:23:32+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pvc-pipes.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_image":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pvc-pipes.jpg","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/","url":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/","name":"Smallcap stock jumps more than 11% after reporting profit of \u20b9 94 cr against losses YoY\u00a0 - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pvc-pipes.jpg","datePublished":"2023-11-08T06:42:11+00:00","dateModified":"2023-11-08T07:23:32+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"Shares of this small cap piping company gained 11.13 percent after the company reported robust results for Q2FY24. The company has a market capitalization of Rs. 6,843.18 crores.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pvc-pipes.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/10\/pvc-pipes.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-more-than-11-after-reporting-profit-of-%e2%82%b9-94-cr-against-losses-yoy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Smallcap stock jumps more than 11% after reporting profit of \u20b9 94 cr against losses YoY\u00a0"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/113361","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=113361"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/113361\/revisions"}],"predecessor-version":[{"id":113364,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/113361\/revisions\/113364"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/111916"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=113361"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=113361"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=113361"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}