{"id":114910,"date":"2023-12-05T13:29:16","date_gmt":"2023-12-05T07:59:16","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114910"},"modified":"2023-12-05T13:29:21","modified_gmt":"2023-12-05T07:59:21","slug":"nbfc-stock-hits-upper-circuit-after-promoter-increases-stake-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/nbfc-stock-hits-upper-circuit-after-promoter-increases-stake-in-the-company\/","title":{"rendered":"NBFC stock hits upper circuit after promoter increases stake in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3547675249\"><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>On Tuesday the share price of the penny stock hit its upper circuit of 2 percent to Rs 30.25 from its previous close of Rs 29.66 after the promoter acquired a stake from the company.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1179521838\"><!-- 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>According to the <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/MOTOGENFIN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Motor and General Finance Limited<\/a><\/strong> filing, the company\u2019s promoter Ram Prakash and Co Private Limited has acquired through an off-market purchase of 55,676 equity shares which is 0.144 percent of the company.\u00a0<\/p><p>Post-acquisition the promoter holds a total of 25,50,812 equity shares or 6.5 percent of the company.&nbsp;<\/p><p>According to the Motor and General Finance Limited report, the net revenue increased by 12.5 percent year over year, from Rs 1.36 crore in Q2FY23 to Rs 1.53 crore in Q2FY24. Their revenue fell by 2.6 percent sequentially from Rs 1.49 crore in Q1FY24 to the current levels.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3137535783\"><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 addition, the company&#8217;s net loss rose by 200 percent year over year, from Rs 0.1 crores in Q2FY23 to Rs 0.3 crores in Q2FY24. Motor and General Finance Limited is a penny stock with a market capitalization of Rs 115 crores.&nbsp;<\/p><p>The company&#8217;s promoters hold a 69.03 percent share in the company, 28.30 percent held by the general public, the international institutional investors hold 2.66 percent and the local institutional investors hold 0.01 percent.&nbsp;<\/p><p>Motor and General Finance Limited\u2019s share price has risen by 15 percent in the last year and by 2.25 percent in six months. The company has a low debt-to-equity ratio of 0.04 and is almost debt-free.&nbsp;<\/p><p>Motor &amp; General Finance Ltd, founded in 1930, is in the rental\/leasing of immovable property business. MGF Group&#8217;s flagship company is MGFL. It offers commercial vehicle leasing, purchase, and financing.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sriram KV<\/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-114370927\"><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>On Tuesday the share price of the penny stock hit its upper circuit of 2 percent to Rs 30.25 from its previous close of Rs 29.66 after the promoter acquired a stake from the company.&nbsp; According to the Motor and General Finance Limited filing, the company\u2019s promoter Ram Prakash and Co Private Limited has acquired [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13573,"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":[14909,14910,14908,948,936],"class_list":["post-114910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-motor-and-general-finance-latest-news","tag-motor-and-general-finance-promoter-buys-stake","tag-motor-and-general-finance-shar-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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