{"id":113411,"date":"2023-11-08T18:31:00","date_gmt":"2023-11-08T13:01:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113411"},"modified":"2023-11-08T18:03:55","modified_gmt":"2023-11-08T12:33:55","slug":"fmcg-penny-stock-surges-17-after-net-profits-increase-by-956-qoq","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/fmcg-penny-stock-surges-17-after-net-profits-increase-by-956-qoq\/","title":{"rendered":"FMCG Penny stock surges 17% after net profits increase by 956% QoQ\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3461611547\"><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 microcap company surged around 17 percent after announcing strong Q2 FY 24 results. In one month, the shares have delivered more than 25 percent returns to its shareholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-855039050\"><!-- 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>With a market capitalization of Rs. 49.39 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/519287\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Modern Diaries Ltd<\/a><\/strong> started today\u2019s trading session flat at Rs. 22. The stock hit a high of Rs. 25.47 making a gain of around 17 percent and closed its day at Rs. 24.68 apiece.\u00a0<\/p><p>Such a bullish movement was observed after the company announced its June-September results. The company\u2019s revenue marginally decreased by around 3 percent from Rs. 82.71 crores during the June quarter to Rs. 80.18 crores in the September quarter. On a contrasting note, the net profit magnified by 956 percent from Rs. 2.02 crores to Rs. 21.34 crores during the same period.&nbsp;<\/p><p>Comparing these metrics on a YoY basis, the revenue jumped by 89 percent from Rs. 42.29 crores during Q2 FY23 to Rs. Rs. 80.18 crores in Q2 FY24. In addition, the net profit climbed by 403 percent from Rs. 4.24 crores to Rs. 21.34 crores during the same timeframe.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1489668402\"><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>Looking at the important financial ratios, the return on capital employed improved from 9.28 percent during FY21-22 to 23.34 percent in FY 22-23. Furthermore, the net profit margin increased from 2.06 percent to 5.62 percent during the same time horizon.&nbsp;<\/p><p>According to the latest shareholding pattern, the Public or Retail Investors have a considerable stake of 54.24 percent in the company, Promoters have 45.71 percent shares, and the remaining 0.04 percent shares are with DIIs.&nbsp;<\/p><p>Headquartered in Karnal, Modern Dairies Ltd was incorporated in the year 1992. The company is engaged in the business of production of dairy products like packed liquid milk skimmed milk powder whole milk powder infant milk food pure ghee and butter.&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\"><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-2514811448\"><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 microcap company surged around 17 percent after announcing strong Q2 FY 24 results. In one month, the shares have delivered more than 25 percent returns to its shareholders.&nbsp; With a market capitalization of Rs. 49.39 crores, the shares of Modern Diaries Ltd started today\u2019s trading session flat at Rs. 22. The [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105392,"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":[3630,4216,11648,3629,3908,6219,12912,10653,10654,10655,6138,14157,9610,14158,936],"class_list":["post-113411","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-best-fmcg-stock","tag-debt-free-penny-stocks","tag-fii-penny-stocks","tag-fmcg-stock","tag-fmcg-stock-to-buy","tag-fmcg-stock-to-buy-now","tag-fundamentally-strong-penny-stock","tag-fundamentally-strong-penny-stocks","tag-fundamentally-strong-penny-stocks-2023","tag-fundamentally-strong-penny-stocks-to-watch","tag-indian-penny-stocks","tag-modern-diaries","tag-penny-stock","tag-penny-stock-to-buy","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>FMCG Penny stock surges 17% after net profits increase by 956% QoQ\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this microcap company surged around 17 percent after announcing strong Q2 FY 24 results. 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