{"id":115756,"date":"2023-12-18T17:15:31","date_gmt":"2023-12-18T11:45:31","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115756"},"modified":"2023-12-18T17:31:43","modified_gmt":"2023-12-18T12:01:43","slug":"penny-stock-hit-5-upper-circuit-after-a-non-promoter-sold-a-2-1-stake-via-open-market","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hit-5-upper-circuit-after-a-non-promoter-sold-a-2-1-stake-via-open-market\/","title":{"rendered":"Penny stock hit 5% upper circuit after a non-promoter sold a 2.1% stake via open market"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1911715418\"><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>Penny stock hit its 5 percent upper circuit of Rs 13.06 per share from its previous close of Rs 12.44 per share after the sales of a 2.1 percent stake in the company by a non-promoter.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1650834853\"><!-- 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 filling of Retro Green Revolution Limited, the non-promoter Mr Sanjay Arunkumar Chokshi sold 1.9 lakh equity shares which is 2.10 percent of the company in the open market.&nbsp;<\/p><p>Mr. Sanjay Arunkumar Chokshi&#8217;s shareholding will decrease from 7.79 percent to 5.69 percent following the sale of the company share.&nbsp;<\/p><p>Looking at their financials the company&#8217;s net revenue increased by 22.5 percent year over year, from Rs 0.40 crore in Q2FY23 to Rs 0.49 crore in Q2FY24. Their revenue rose by 4 percent sequentially from Rs 0.47 crore in Q1FY24 to the current levels.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2382911153\"><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 profit rose by 18 percent year over year, from Rs 0.11 crores in Q2FY23 to a net profit of Rs 0.13 crores in Q2FY24. Their profit climbed from a net profit of Rs 0.12 crore in Q1FY24 to the current levels on a sequential basis, an 8 percent increase.&nbsp;<\/p><p>The company has a low price-to-earnings ratio of 25 compared to its peers, with a low debt-to-equity ratio of 0.04. However, the return on equity, the return on capital employed, and the net profit margin are lower compared to the last two years.&nbsp;<\/p><p>Retro Green Revolution Ltd is a penny stock with a market capitalization of 11.7 crores the share price has risen 49 percent in the last six months and 53 percent in the year to date. The general public holds 100 percent of the company.&nbsp;<\/p><p>Retro Green Revolution Ltd, founded in 1990, is involved in the service industries and related activities. The business engages in high-tech agricultural and greenhouse activities.&nbsp;<\/p><p>Penny stock investing is exceedingly volatile and risky. This article doesn&#8217;t contain any recommendations or financial advice. Penny stocks are volatile, illiquid, lack information, and are easily manipulated, so seek the advice of a financial advisor before getting involved.&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><div class=\"trade-after-content\" id=\"trade-3129233857\"><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>Penny stock hit its 5 percent upper circuit of Rs 13.06 per share from its previous close of Rs 12.44 per share after the sales of a 2.1 percent stake in the company by a non-promoter.&nbsp; According to the filling of Retro Green Revolution Limited, the non-promoter Mr Sanjay Arunkumar Chokshi sold 1.9 lakh equity [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":35332,"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-115756","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) - 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