{"id":115201,"date":"2023-12-08T16:20:07","date_gmt":"2023-12-08T10:50:07","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115201"},"modified":"2023-12-08T17:11:21","modified_gmt":"2023-12-08T11:41:21","slug":"stock-jumps-3-3-after-company-to-raise-funds-of-up-to-3200-crores-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-3-3-after-company-to-raise-funds-of-up-to-3200-crores-check-the-details\/","title":{"rendered":"Stock jumps 3.3% after company to raise funds of up to \u20b9 3,200 Crores; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1062672763\"><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>Steel and Iron Products manufacturer jumped 3 percent in the day\u2019s trade after the company\u2019s board of directors approved to raise funds of up to Rs. 3,200 Crores by issuing NCDs.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1945538879\"><!-- 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>At 3:22 p.m. the shares of Jayaswal Neco Industries Limited were trading at Rs. 45.35 up, 3.07 percent from its previous day\u2019s close price of Rs. 44 and its market capitalization is Rs. 4,403.48 Crores.&nbsp;<\/p><p>The board of directors of Jayaswal Neco Industries Limited has approved the issue of up to 3,20,000 Unlisted, Secured, Redeemable, Non-Convertible Debentures (NCDs) having a face value of Rs.1,00,000 aggregating to Rs. 3,200 Crores through private placement. The NCDs have an interest rate of 14.50 percent per annum with an additional coupon rate of 3 percent.&nbsp;<\/p><p>Jayaswal Neco Industries Limited is engaged in the manufacturing and supply of billets, rolled products, pig iron &amp; skull, sponge iron, pellet, steel, and Iron &amp; steel castings. It has a Global presence all over India and 8 foreign countries, with 5 manufacturing units and 2 major iron ore mines.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3949497672\"><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 FY23, the company\u2019s revenue from operations grew 6.45 percent from Rs. 5,958.55 Crores in FY22 to Rs. 6,342.86 Crores in FY23, accompanied by profits of Rs. 2,247.29 Crores to Rs. 226.87 Crores.&nbsp;<\/p><p>As per the segmental revenue breakup, it generated 44 percent of its revenue from Automotive Castings, 30 percent from Centricast, 17 percent from Engineering Castings, and 9 percent from Construction Castings.&nbsp;<\/p><p>It has reported a return on equity (ROE) of 11.66 percent and a return on capital employed (ROCE) of 8.75 percent, it is making decent returns on its equity and capital employed&nbsp;<\/p><p><strong>Written by: Bharath K.S<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><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-2801915570\"><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>Steel and Iron Products manufacturer jumped 3 percent in the day\u2019s trade after the company\u2019s board of directors approved to raise funds of up to Rs. 3,200 Crores by issuing NCDs.&nbsp; At 3:22 p.m. the shares of Jayaswal Neco Industries Limited were trading at Rs. 45.35 up, 3.07 percent from its previous day\u2019s close price [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98557,"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-115201","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>Stock jumps 3.3% after company to raise funds of up to \u20b9 3,200 Crores; 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