{"id":113630,"date":"2023-11-13T14:21:40","date_gmt":"2023-11-13T08:51:40","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113630"},"modified":"2023-11-13T14:21:46","modified_gmt":"2023-11-13T08:51:46","slug":"microcap-stock-hits-5-upper-circuit-after-it-announced-preferential-issue-of-108-crores","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-hits-5-upper-circuit-after-it-announced-preferential-issue-of-108-crores\/","title":{"rendered":"Microcap stock hits 5% upper circuit after it announced preferential issue of \u20b9 108 Crores\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3859449751\"><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>Multibagger microcap stock hits 5 percent upper circuit in the day\u2019s trade after it approved the raising of funds by way of preferential issue of equity shares and equity share warrants for a total value of Rs. 108 Crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1607566539\"><!-- 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>In the day&#8217;s trade the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SKYGOLD\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Sky Gold Limited<\/a><\/strong> hit 5 percent upper circuit at Rs. 844.90 and its market capitalization is Rs. 893 Crores.\u00a0<\/p><p>As per the company\u2019s filing Sky Gold Limited has considered and approved the issue of 23,32,800 equity shares and 2,11,500 equity share warrants with face value of Rs. 10 each at an issue price of Rs. 425 each, summing up to a total value of Rs. 108 Crores.&nbsp;<\/p><p>It has delivered multibagger returns of 276 percent in a year and 144 percent in the last six months. A shareholders investment of Rs. 1 lakh in the company would be worth Rs. 3.76 lakh in a year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1492290565\"><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>In FY23 it reported Revenue of Rs. 1,153.8 Crores, EBITDA of Rs. 25.03 Crores and Net Profit of Rs. 18.61 Crores.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 21.28 percent and a return on capital employed (ROCE) of 17.54 percent, it is making good returns on its equity and capital employed.&nbsp;<\/p><p>Sky Gold Limited is engaged in the business of designing, manufacturing and marketing of ornaments and jewellery.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/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-654713358\"><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>Multibagger microcap stock hits 5 percent upper circuit in the day\u2019s trade after it approved the raising of funds by way of preferential issue of equity shares and equity share warrants for a total value of Rs. 108 Crores.&nbsp; In the day&#8217;s trade the shares of Sky Gold Limited hit 5 percent upper circuit at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104923,"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":[14329,14328,14327,948,936],"class_list":["post-113630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-sky-gold-fund-raise","tag-sky-gold-latest-news","tag-sky-gold-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) - 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