{"id":113387,"date":"2023-11-08T15:23:28","date_gmt":"2023-11-08T09:53:28","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113387"},"modified":"2023-11-08T15:28:40","modified_gmt":"2023-11-08T09:58:40","slug":"shriram-pistons-heres-why","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/shriram-pistons-heres-why\/","title":{"rendered":"Shriram Pistons &#038; Rings reports robust Q2 results but shares slide; Here&#8217;s why?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2315061150\"><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>A well-known German-based Automotive component manufacturer sold 2.97 lakh shares in India&#8217;s largest manufacturer of pistons and engine valves on November 07, 2023.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2223364108\"><!-- 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 1:12 p.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 1,046.95 a share, down 0.31 percent from the previous close price. On Wednesday\u2019s trade stock gained by 4.2 percent to 1,094.95 Rs a share.\u00a0<\/p><p>As per NSE data, On November 07,2023. KS Kolbenschmidt GmbH sold 2,97,780 equity shares in the company at an average price of Rs 1,054.14 per share.&nbsp;<\/p><p>KS Kolbenschmidt GmbH is part of the Rheinmetall Group, a German-based company that is recognized as a German developer and manufacturer of pistons, automotive filters, water pumps, and other engine parts.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1069184034\"><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>As of September quarter 2023, KS Kolbenschmidt GmbH holds 88,49,830 equity shares, which represents a 20.09 percent stake in the company.&nbsp;<\/p><p>The company\u2019s revenue has increased by 15 percent yearly, rising from Rs 652 crore in Q2FY23 to Rs 751 crore in Q2FY24. Further, within the same period, Net profit has increased by 57 percent from Rs 72 crore to Rs 113 crore.&nbsp;<\/p><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 116 percent in a year. A shareholder investment of Rs 1 lakh in the company would be worth Rs 2.16 lakh in the year.&nbsp;<\/p><p>As per the latest 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.<\/p><div class=\"trade-content-10\" id=\"trade-568527377\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><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\"><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-3859923871\"><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>A well-known German-based Automotive component manufacturer sold 2.97 lakh shares in India&#8217;s largest manufacturer of pistons and engine valves on November 07, 2023.&nbsp; At 1:12 p.m., Shriram Pistons &amp; Rings Ltd shares were quoted at Rs 1,046.95 a share, down 0.31 percent from the previous close price. On Wednesday\u2019s trade stock gained by 4.2 percent [&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":[10146,6414,6947,7724,7725,4049,11630,3449,10088,9571,10873,10086,13995,13994,14094,10087],"class_list":["post-113387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-auto-ancillaries-stocks","tag-auto-ancillary-stock","tag-auto-stock","tag-auto-stock-news","tag-auto-stock-to-buy-today","tag-auto-stock-to-watch","tag-auto-stocks-sales-in-august-2023","tag-auto-stocks-to-buy","tag-shriram-pistons-rings-bonus-issue-2023","tag-shriram-pistons-rings-latest-news","tag-shriram-pistons-rings-share","tag-shriram-pistons-rings-share-price","tag-shriram-pistons-and-rings-latest-news","tag-shriram-pistons-and-rings-share-price","tag-shriram-pistons-q2-results-fy24","tag-why-is-shriram-pistons-rings-share-going-up"],"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>Shriram Pistons &amp; Rings reports robust Q2 results but shares slide; Here&#039;s why? 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