{"id":115912,"date":"2023-12-20T14:45:27","date_gmt":"2023-12-20T09:15:27","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115912"},"modified":"2023-12-20T14:45:32","modified_gmt":"2023-12-20T09:15:32","slug":"smallcap-stock-jumps-up-to-9-5-after-companys-board-approves-qip","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-9-5-after-companys-board-approves-qip\/","title":{"rendered":"Smallcap stock jumps up to 9.5% after company&#8217;s board approves QIP\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4119948227\"><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 share price of this electrical equipment manufacturer surged 9.5 percent to Rs 1,358.90 per share after the company board approved raising funds via QIP.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1901577924\"><!-- 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 2:15 p.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SPECTRUM\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Spectrum Electrical Industries Ltd<\/a><\/strong> shares were trading at Rs 1,252 per share, up 0.97 percent from the previous close price on the exchange. The company has a market capitalization of Rs 1,893 crore.\u00a0<\/p><p>According to the exchange filing, The company board approved to raise funds, aggregating up to Rs.50 crores through Qualified Institutions Placement (&#8220;QIP\u201d).&nbsp;<\/p><p>The company\u2019s revenue has increased by 7 percent yearly, from Rs 126 crore in Q2FY22 to Rs 135 crore in Q2FY23. During the same timeframe, Net profit has risen by 130 percent from Rs 3 crore to Rs 7 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2812246643\"><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>As of the recent shareholding pattern, the company promoter holds a 74.88 percent stake, and retail investors hold a 19.73 percent stake in the company.&nbsp;<\/p><p>Spectrum Electrical Industries Limited is engaged in the business of Injection Moulding, manufacturing of Electrical Press Components, and Surface treatment of Automobile, Electrical, and Stamped parts.&nbsp;<\/p><p>The company has manufacturing facilities at Jalgaon, Bengaluru, and Nashik in Maharashtra. The company has acquired a new factory building and land in Nashik in December 2021.&nbsp;<\/p><p>As of a recent fiscal year, the company reported a net profit margin of 3.32 percent and an operating margin of 7.52 percent, In addition, return on equity stands at 9.14 percent, and return on capital employed stands at 15.51 percent.&nbsp;<\/p><p>The company\u2019s clients include ABB, Anchor, Jain Irrigation Systems, Legrand, Schneider Electric, and L&amp;T among others.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/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-content-10\" id=\"trade-2470524898\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><div class=\"trade-after-content\" id=\"trade-4020910179\"><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 share price of this electrical equipment manufacturer surged 9.5 percent to Rs 1,358.90 per share after the company board approved raising funds via QIP.&nbsp; At 2:15 p.m., Spectrum Electrical Industries Ltd shares were trading at Rs 1,252 per share, up 0.97 percent from the previous close price on the exchange. The company has a [&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":[14852,14851,948,936,15295],"class_list":["post-115912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-spectrum-electrical-industries-latest-news","tag-spectrum-electrical-industries-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-spectrum-electrical-industries-share-going-up"],"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>Smallcap stock jumps up to 9.5% after company&#039;s board approves QIP\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share price of this electrical equipment manufacturer surged 9.5 percent to Rs 1,358.90 per share after the company board approved raising funds via QIP.\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\/smallcap-stock-jumps-up-to-9-5-after-companys-board-approves-qip\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock jumps up to 9.5% after company&#039;s board approves QIP\u00a0\" \/>\n<meta property=\"og:description\" content=\"The share price of this electrical equipment manufacturer surged 9.5 percent to Rs 1,358.90 per share after the company board approved raising funds via QIP.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-9-5-after-companys-board-approves-qip\/\" \/>\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=\"2023-12-20T09:15:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-20T09:15:32+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\/smallcap-stock-jumps-up-to-9-5-after-companys-board-approves-qip\/\",\"url\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-up-to-9-5-after-companys-board-approves-qip\/\",\"name\":\"Smallcap stock jumps up to 9.5% after company's board approves QIP\u00a0 - 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