{"id":115406,"date":"2023-12-12T13:05:09","date_gmt":"2023-12-12T07:35:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115406"},"modified":"2023-12-12T13:05:14","modified_gmt":"2023-12-12T07:35:14","slug":"stock-hits-5-upper-circuit-after-board-approves-68329-shares-acquisition-by-promoter","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-board-approves-68329-shares-acquisition-by-promoter\/","title":{"rendered":"Stock hits 5% upper circuit after board approves 68,329 shares acquisition by promoter"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3542480371\"><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 this real estate company gained up to 5 percent after the company promoter bought a 68,329 stake which is 0.014 percent of the company in the open market.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2162132804\"><!-- 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 947.57 Crores. <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/531273\/standalone?defaul=true\" target=\"_blank\" rel=\"noreferrer noopener\">Radhe Developers (India) Ltd<\/a><\/strong>, On Tuesday, The shares were trading at Rs 4.64 a share, an increase of 4.98 percent from the previous closing price.\u00a0<\/p><p>The exchange filing states that the board of directors of Radhe Developers (India) Ltd approved the significant acquisition of 68,329 Shares or 0.014 percent of the company. Following this acquisition, the promoter now owns a total of 13,96,96,113 shares or 27.739 percent of the company.&nbsp;<\/p><p>During its board meeting on July 18, 2022, the board divided the bonus shares into shares with a face value of Rs. 1 each and allocated the shares at a 1:1 ratio. As a result, there were 50,35,986,000 shares instead of 2,51,79,900. Rs 25,17,99,000 have been allocated as paid-up capital towards the Bonus issue. The funds were taken from the Securities Premium account, General Reserve, and the accumulation of Profit and Loss account.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-159476319\"><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>Looking into the company&#8217;s performance, Radhe Developers (India) Ltd&#8217;s revenue decreased by 67 percent from Rs 43.6 Crore in FY2021-22 to Rs 14.34 Crore in FY2022-23. During the same period, net profit decreased by 97 from Rs 25.23 crore to Rs 0.71 Crore.&nbsp;<\/p><p>By 2030, the Indian real estate market is predicted to be worth USD 1 trillion. It will add 13% to the GDP of the nation by 2025. Rising household income, fast urbanization, and the emergence of nuclear families are likely to continue to be the main forces behind real estate growth across all segments, including retail, commercial, and residential.&nbsp;<\/p><p>The company creates residential, commercial, plotting, and social infrastructure projects in the real estate development space.&nbsp;<\/p><p>Investment in penny stocks carries inherent risks and should be done with caution because their financials do not accurately reflect their true situation. This article does not offer any financial recommendations.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Abhishek Singh<\/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-4043482225\"><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 this real estate company gained up to 5 percent after the company promoter bought a 68,329 stake which is 0.014 percent of the company in the open market.&nbsp; With a market capitalization of Rs 947.57 Crores. Radhe Developers (India) Ltd, On Tuesday, The shares were trading at Rs 4.64 a share, an [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":39466,"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":[15111,15110,948,936],"class_list":["post-115406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-radhe-developers-latest-news","tag-radhe-developers-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>Stock hits 5% upper circuit after board approves 68,329 shares acquisition by promoter - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of this real estate company gained up to 5 percent after the company promoter bought a 68,329 stake which is 0.014 percent of the company in the open market.\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\/stock-hits-5-upper-circuit-after-board-approves-68329-shares-acquisition-by-promoter\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock hits 5% upper circuit after board approves 68,329 shares acquisition by promoter\" \/>\n<meta property=\"og:description\" content=\"The shares of this real estate company gained up to 5 percent after the company promoter bought a 68,329 stake which is 0.014 percent of the company in the open market.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-board-approves-68329-shares-acquisition-by-promoter\/\" \/>\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=\"2023-12-12T07:35:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-12T07:35:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/05\/BSE-21-Cover-Image.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\/stock-hits-5-upper-circuit-after-board-approves-68329-shares-acquisition-by-promoter\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-board-approves-68329-shares-acquisition-by-promoter\/\",\"name\":\"Stock hits 5% upper circuit after board approves 68,329 shares acquisition by promoter - 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