{"id":113712,"date":"2023-11-15T13:06:25","date_gmt":"2023-11-15T07:36:25","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113712"},"modified":"2023-11-15T13:07:07","modified_gmt":"2023-11-15T07:37:07","slug":"ashish-kacholia-stocks-falls-by-6-after-its-net-profits-decreases-by-20-in-q2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ashish-kacholia-stocks-falls-by-6-after-its-net-profits-decreases-by-20-in-q2\/","title":{"rendered":"Ashish Kacholia stock falls by 6% after its net profits decreases by 20% in Q2"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3228089709\"><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 glassware manufacturer fell by 6 percent after the company announced its second-quarter results.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1772453400\"><!-- 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><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/LAOPALA\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">LA Opala Rg Ltd<\/a><\/strong> is a small-cap company with a market capitalization of Rs 4,688.09 Crore. On Wednesday, The shares were trading at Rs 422.35 a share, a decrease of 6 percent from the previous close price.\u00a0<\/p><p>Looking into the company\u2019s financials, LA Opala Rg Ltd&#8217;s revenue increased by 2.4 percent on a quarter-on-quarter basis from Rs. 97.12 crores in Q1FY24 to Rs.99.48 crores in Q2 FY24. Further, revenue decreased by 29.2 percent year on year from Rs. 140.59 crores in Q2FY23 to Rs.99.48 crores in Q2FY24.&nbsp;<\/p><p>LA Opala Rg Ltd&#8217;s net profit increased by 8.6 percent on a quarter-on-quarter basis from Rs. 28.71 crores in Q1FY24 to Rs. 31.19 crores in Q2FY24. Further, net profit decreased by 20.14 percent year on year from Rs. 39.06 crores in Q2FY23 to Rs.31.19 crores in Q2FY24.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4238186194\"><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>LA Opala Rg Ltd reported excellent return ratios in the recent financial year with a return on equity (ROE) of 16.23 percent and a return on capital employed (ROCE) of 22.54 percent.&nbsp;<\/p><p>LA Opala Rg Ltd&#8217;s recent shareholding pattern, The Promoters of the company own 65.68 percent while Retail shareholders own a 13.24 percent stake in the company and Foreign Institutional Investors own a 1.68 percent stake.&nbsp;<\/p><p>Ace investor Ashish Kacholia holds 17,67,433 shares, i.e. equivalent to 1.59 percent of the company as of the September quarter of 2023.&nbsp;<\/p><p>LA Opala Rg Ltd gave an 11.61 percent return in six months.&nbsp;<\/p><p>La Opala RG is a well-known producer and distributor of tableware. The company sells Opal glassware, which includes bowls, plates, dinner sets, cup-saucer sets, coffee cups, and more.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/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-content-10\" id=\"trade-567878367\"><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><div class=\"trade-after-content\" id=\"trade-694558396\"><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 glassware manufacturer fell by 6 percent after the company announced its second-quarter results.&nbsp; LA Opala Rg Ltd is a small-cap company with a market capitalization of Rs 4,688.09 Crore. On Wednesday, The shares were trading at Rs 422.35 a share, a decrease of 6 percent from the previous close price.\u00a0 Looking [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13575,"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":[6630,6631,14383,14384,11909,948,936],"class_list":["post-113712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ashish-kacholia-stock","tag-ashish-kacholia-stock-portfolio","tag-la-opala-latest-news","tag-la-opala-q2-results-fy24","tag-la-opala-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>Ashish Kacholia stock falls by 6% after its net profits decreases by 20% in Q2 - 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