{"id":114181,"date":"2023-11-22T16:34:00","date_gmt":"2023-11-22T11:04:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114181"},"modified":"2023-11-22T17:34:52","modified_gmt":"2023-11-22T12:04:52","slug":"microcap-stock-jumps-up-to-5-after-partnering-with-a-german-company-to-combat-air-pollution-in-india","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microcap-stock-jumps-up-to-5-after-partnering-with-a-german-company-to-combat-air-pollution-in-india\/","title":{"rendered":"Microcap stock jumps up to 5% after partnering with German company to combat air pollution in India\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-657925377\"><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>Shares of this multibagger micro-cap stock put an end to the trading session on Wednesday on a flatter note. The company recently partnered with a company based in Germany to install a revolutionary product for combating Air Pollution in India.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1188615830\"><!-- 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 411.66 crores, the stocks of OK Play India Limited hit the 5 percent upper circuit during the initial trading minutes but closed on a flatter note at Rs 155.50 apiece. The scrip also hit its fresh 52-week high today at Rs 164.30.&nbsp;<\/p><p>The company, through a recent filing with the exchange, provided a couple of updates, the first one being a partnership for combating air pollution in the country, and, the other one being an intimation to meet for raising funds via preferential issue.&nbsp;<\/p><p>The micro-cap company has partnered with MANN+HUMMEL Filter Private Limited (MHIN), a subsidiary company of the MANN+HUMMEL Group based in Germany, to act as the sole distributor of a revolutionary product, viz, \u201cPureAir Mobile Fine Dust Particle Filter Roof Box\u201d.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1136989684\"><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>The product is designed to combat air pollution in India and would be mounted on vehicles as well as on stationary locations.&nbsp;<\/p><p>Moreover, the company intimated that it has scheduled a meeting on 27th November 2023 to consider and approve the proposal for raising funds via preferential issue. The issue is subject to shareholder approval and other regulatory requirements.&nbsp;<\/p><p>Year-to-date, the company\u2019s stock has delivered multibagger returns of around 216 percent to its stakeholders, i.e., if someone had invested Rs 1 lakh into the company\u2019s stock at the start of this calendar year, it would have converted to Rs 3.16 lakhs.&nbsp;<\/p><p>According to the shareholding pattern data available for the quarter ended September 2023, the company\u2019s Promoters hold a 49.14 percent stake, and the Foreign Institutional Investors (FIIs), recently showing interest, currently hold a considerable stake of 19.64 percent in the company.&nbsp;<\/p><p>Founded in 1988, OK Play India Limited is engaged in the business of manufacturing plastic moulded toys, playground equipment, school furniture, infrastructure &amp; automotive products, and e-vehicles. The company offers toys for all age groups from toddlers to teenagers for both entertainment and educational purposes.&nbsp;<\/p><p><strong>Written by Amit Madnani\u00a0<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-129198697\"><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-3668140196\"><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>Shares of this multibagger micro-cap stock put an end to the trading session on Wednesday on a flatter note. The company recently partnered with a company based in Germany to install a revolutionary product for combating Air Pollution in India.&nbsp; With a market capitalization of Rs 411.66 crores, the stocks of OK Play India Limited [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":107927,"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":[31,13525],"tags":[],"class_list":["post-114181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"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>Microcap stock jumps up to 5% after partnering with German company to combat air pollution in India\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this multibagger micro-cap stock put an end to the trading session on Wednesday on a flatter note. 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