{"id":114539,"date":"2023-11-28T16:24:18","date_gmt":"2023-11-28T10:54:18","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114539"},"modified":"2023-11-28T16:26:29","modified_gmt":"2023-11-28T10:56:29","slug":"multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/","title":{"rendered":"Multibagger Textile stock jumps after the promoter released their pledged shares"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-534136456\"><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 one of the leading textile manufacturers gained 3.5 percent to Rs 146.85 per share on Tuesday following the release of pledge shares held by the promoter.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1872047851\"><!-- 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>On Tuesday, Mafatlal Industries Ltd shares closed at Rs 143 per share, up 0.80 percent from the previous close price. The company has a market capitalization of Rs 1,011 crore.&nbsp;<\/p><p>According to the company\u2019s exchange filing, Mr. Hrishikesh Mafatlal, the company&#8217;s promoter and chairman, released the 18,68,935 equity shares he had under the pledge category, which amounted to 2.64 percent of the promoter holding.&nbsp;<\/p><p>Mafatlal Industries shares have delivered a multibagger return of 184 percent in the last six months and 101 percent in a year. If shareholder investment of Rs 1 lakh in the company would be worth Rs 2.84 in six months and Rs 2.01 in a year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2704772123\"><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 company has reported a net profit margin of 2.73 percent and an operational margin of 4.23 percent in recent fiscal years. Similarly, the return on equity stands at 6.05 percent, and the return on capital employed at 8.78 percent.&nbsp;<\/p><p>The company\u2019s revenue has declined by 13 percent yearly, from Rs 354 crore in Q2FY23 to Rs 308 crore in Q2FY24. In the same timeframe, Net profit has significantly increased by 150 percent from Rs 8 crore to Rs 20 crore.&nbsp;<\/p><p>According to the latest shareholding pattern, the company promoters hold a 70.74 percent stake, while Domestic institutional investors hold 2.16 percent of the company, while retail investors hold a 26.2 percent stake in the company.&nbsp;<\/p><p>Mafatlal Industries is engaged in textile manufacturing and trading, the company has its manufacturing units at Nadiad and Navsari. And the company is also in the textile business.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/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-2478455062\"><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 one of the leading textile manufacturers gained 3.5 percent to Rs 146.85 per share on Tuesday following the release of pledge shares held by the promoter.&nbsp; On Tuesday, Mafatlal Industries Ltd shares closed at Rs 143 per share, up 0.80 percent from the previous close price. The company has a market capitalization [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12545,"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":[14747,12658,948,936],"class_list":["post-114539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-mafatlal-industries-latest-news","tag-mafatlal-industries-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>Multibagger Textile stock jumps after the promoter released their pledged shares - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of one of the leading textile manufacturers gained 3.5 percent to Rs 146.85 per share on Tuesday following the release of pledge shares held by the promoter.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger Textile stock jumps after the promoter released their pledged shares\" \/>\n<meta property=\"og:description\" content=\"The shares of one of the leading textile manufacturers gained 3.5 percent to Rs 146.85 per share on Tuesday following the release of pledge shares held by the promoter.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-28T10:54:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-28T10:56:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/\",\"url\":\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/\",\"name\":\"Multibagger Textile stock jumps after the promoter released their pledged shares - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg\",\"datePublished\":\"2023-11-28T10:54:18+00:00\",\"dateModified\":\"2023-11-28T10:56:29+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"The shares of one of the leading textile manufacturers gained 3.5 percent to Rs 146.85 per share on Tuesday following the release of pledge shares held by the promoter.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Multibagger Textile stock jumps after the promoter released their pledged shares\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Multibagger Textile stock jumps after the promoter released their pledged shares - Trade Brains Features","description":"The shares of one of the leading textile manufacturers gained 3.5 percent to Rs 146.85 per share on Tuesday following the release of pledge shares held by the promoter.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/","og_locale":"en_US","og_type":"article","og_title":"Multibagger Textile stock jumps after the promoter released their pledged shares","og_description":"The shares of one of the leading textile manufacturers gained 3.5 percent to Rs 146.85 per share on Tuesday following the release of pledge shares held by the promoter.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-11-28T10:54:18+00:00","article_modified_time":"2023-11-28T10:56:29+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/","url":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/","name":"Multibagger Textile stock jumps after the promoter released their pledged shares - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg","datePublished":"2023-11-28T10:54:18+00:00","dateModified":"2023-11-28T10:56:29+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"The shares of one of the leading textile manufacturers gained 3.5 percent to Rs 146.85 per share on Tuesday following the release of pledge shares held by the promoter.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/multibagger-textile-stock-gained-after-the-promoter-released-their-pledged-shares\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Multibagger Textile stock jumps after the promoter released their pledged shares"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/114539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=114539"}],"version-history":[{"count":2,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/114539\/revisions"}],"predecessor-version":[{"id":114541,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/114539\/revisions\/114541"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/12545"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=114539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=114539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=114539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}