{"id":113862,"date":"2023-11-17T12:36:10","date_gmt":"2023-11-17T07:06:10","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113862"},"modified":"2023-11-17T12:36:15","modified_gmt":"2023-11-17T07:06:15","slug":"defence-stock-jumps-up-to-8-8-after-companys-board-approved-fundraising-worth-500-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/defence-stock-jumps-up-to-8-8-after-companys-board-approved-fundraising-worth-500-cr\/","title":{"rendered":"Defence stock jumps up to 8.8% after company\u2019s board approved fundraising worth \u20b9 500 Cr\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2422879599\"><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 cable manufacturer gained 8.8 percent after the company\u2019s board of directors approved fundraising worth Rs 500 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1731046385\"><!-- 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 3,275.06 crores, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/DCXINDIA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Dcx System Ltd<\/a><\/strong>, On Friday, the company shares were trading at Rs 337.80, an increase of 6.61 percent from the previous close price.\u00a0<\/p><p>According to the company filing, Dcx System Ltd&#8217;s board of directors approved fundraising worth Rs 500 crores, by way of public issues, preferential issues, rights issues, private placements, qualified institutions placement, and any other method as may be permitted in accordance with the applicable provisions of the Companies Act.&nbsp;<\/p><p>Examining the business&#8217;s financials, the company\u2019s revenue increased 13.73 percent from Rs. 1,102.27 crores in FY 2021-22 to Rs 1,253.63 crores in FY 2022-23. During the same period, Net Profit increased by 9.2 percent from Rs 65.61 crores to Rs 71.68 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3906230351\"><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>Dcx System Ltd&#8217;s reported return ratios in the recent financial year with a return on equity (ROE) of 20.95 percent and a return on capital employed (ROCE) of 13.13 percent.&nbsp;<\/p><p>Dcx System Ltd&#8217;s recent shareholding pattern, The Promoters of the company own 71.73 percent while Retail shareholders own a 19.99 percent stake in the company and Foreign Institutional Investors own a 0.07percent stake.&nbsp;<\/p><p>The stock has delivered a return of 78.56 percent in six months and 27.94 percent in a year.&nbsp;<\/p><p>Dcx System Ltd offers comprehensive solutions for the defense and aerospace industries in the areas of cable and wire harnesses, electronic subsystems, premium system integration, and PCB assembly.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By:- Abhishek Singh\u00a0<\/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-2270833736\"><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 cable manufacturer gained 8.8 percent after the company\u2019s board of directors approved fundraising worth Rs 500 crores.&nbsp; With a market capitalization of Rs 3,275.06 crores, Dcx System Ltd, On Friday, the company shares were trading at Rs 337.80, an increase of 6.61 percent from the previous close price.\u00a0 According to the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":57805,"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":[14454,14453,14452,6247,948,936],"class_list":["post-113862","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-dcx-system-fundraise","tag-dcx-system-latest-news","tag-dcx-system-share-price","tag-defence-stock","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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