{"id":115018,"date":"2023-12-06T15:53:58","date_gmt":"2023-12-06T10:23:58","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115018"},"modified":"2023-12-06T15:55:46","modified_gmt":"2023-12-06T10:25:46","slug":"small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/","title":{"rendered":"Small cap stock jumps 4% after shareholders approved the buyback of 14.7 Lakh shares\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3880552703\"><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 decor solutions provider jumped around 4 percent after the shareholders of the company approved the buyback of equity shares. The shares have delivered more than 50 percent returns to shareholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3619041612\"><!-- 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. 3,059 crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SOMANYCERA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Somany Ceramics Ltd<\/a><\/strong> started Wednesday\u2019s trading session on a higher note at Rs. 703 compared to its previous close at Rs. 695.85. The shares hit a high of Rs. 725.40, gaining around 4 percent and closed the day at Rs. 722 apiece.\u00a0<\/p><p>On 26 October 2023, the board of directors of Somany Ceramics Limited, considered and approved the proposal for buyback for which the shareholders on 5 December 2023, passed a special resolution approving the proposal to buy back 14,70,588 fully paid-up equity shares of the Company at the face value of Rs. 2.&nbsp;<\/p><p>The price at which the equity shares will be bought back is Rs. 850 per share, it represents a premium of 18 percent from its closing price of Rs. 722 and it is payable in cash, for an aggregate amount not exceeding Rs. 125 Crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-198625056\"><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 Buyback Offer Size represents 15.18 percent of the aggregate of the Company\u2019s fully paid-up equity capital and 15.17 percent of the free reserves as per the latest standalone and consolidated audited financial statements of the Company respectively.&nbsp;<\/p><p>Coming onto the financial statements of the company, the revenue increased by 12 from Rs. 587 crores in the June quarter to Rs. 655 crores during the September quarter. In addition, the net profits magnified by 130 percent from Rs. 13 crores to Rs. 30 crores during the same timeframe.&nbsp;<\/p><p>The company is investing in expanding capacity in sanitary ware and bath fittings. Furthermore, the company expects to maintain current margins and improve them if volume increases.&nbsp;<\/p><p>Headquartered in Kolkata, Somany Ceramics Ltd was incorporated in 1968. The company is engaged in manufacturing and trading complete decor solutions, its products include ceramic wall and floor tiles, polished vitrified tiles, glazed vitrified tiles, sanitary ware, bath fittings and allied products.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By Vaibhav Patil<\/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-3778431443\"><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 decor solutions provider jumped around 4 percent after the shareholders of the company approved the buyback of equity shares. The shares have delivered more than 50 percent returns to shareholders.&nbsp; With a market capitalization of Rs. 3,059 crores, the shares of Somany Ceramics Ltd started Wednesday\u2019s trading session on a higher note [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97245,"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":[13690,13691,13689,948,936],"class_list":["post-115018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-somany-ceramics-latest-news","tag-somany-ceramics-share-buyback","tag-somany-ceramics-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>Small cap stock jumps 4% after shareholders approved the buyback of 14.7 Lakh shares\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this decor solutions provider jumped around 4 percent after the shareholders of the company approved the buyback of equity shares. The shares have delivered more than 50 percent returns to shareholders.\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\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Small cap stock jumps 4% after shareholders approved the buyback of 14.7 Lakh shares\u00a0\" \/>\n<meta property=\"og:description\" content=\"Shares of this decor solutions provider jumped around 4 percent after the shareholders of the company approved the buyback of equity shares. The shares have delivered more than 50 percent returns to shareholders.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-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=\"2023-12-06T10:23:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-06T10:25:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/bse-cover-image-1.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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/\",\"url\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/\",\"name\":\"Small cap stock jumps 4% after shareholders approved the buyback of 14.7 Lakh shares\u00a0 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/bse-cover-image-1.jpg\",\"datePublished\":\"2023-12-06T10:23:58+00:00\",\"dateModified\":\"2023-12-06T10:25:46+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Shares of this decor solutions provider jumped around 4 percent after the shareholders of the company approved the buyback of equity shares. The shares have delivered more than 50 percent returns to shareholders.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/bse-cover-image-1.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/bse-cover-image-1.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Small cap stock jumps 4% after shareholders approved the buyback of 14.7 Lakh shares\u00a0\"}]},{\"@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":"Small cap stock jumps 4% after shareholders approved the buyback of 14.7 Lakh shares\u00a0 - Trade Brains Features","description":"Shares of this decor solutions provider jumped around 4 percent after the shareholders of the company approved the buyback of equity shares. The shares have delivered more than 50 percent returns to shareholders.\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\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/","og_locale":"en_US","og_type":"article","og_title":"Small cap stock jumps 4% after shareholders approved the buyback of 14.7 Lakh shares\u00a0","og_description":"Shares of this decor solutions provider jumped around 4 percent after the shareholders of the company approved the buyback of equity shares. The shares have delivered more than 50 percent returns to shareholders.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2023-12-06T10:23:58+00:00","article_modified_time":"2023-12-06T10:25:46+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/bse-cover-image-1.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":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/","url":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/","name":"Small cap stock jumps 4% after shareholders approved the buyback of 14.7 Lakh shares\u00a0 - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/bse-cover-image-1.jpg","datePublished":"2023-12-06T10:23:58+00:00","dateModified":"2023-12-06T10:25:46+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"Shares of this decor solutions provider jumped around 4 percent after the shareholders of the company approved the buyback of equity shares. The shares have delivered more than 50 percent returns to shareholders.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/bse-cover-image-1.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/bse-cover-image-1.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-4-after-shareholders-approved-the-buyback-of-14-7-lakh-shares\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Small cap stock jumps 4% after shareholders approved the buyback of 14.7 Lakh shares\u00a0"}]},{"@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\/115018","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=115018"}],"version-history":[{"count":2,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/115018\/revisions"}],"predecessor-version":[{"id":115020,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/115018\/revisions\/115020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/97245"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=115018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=115018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=115018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}