{"id":115959,"date":"2023-12-21T15:00:00","date_gmt":"2023-12-21T09:30:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=115959"},"modified":"2023-12-21T14:16:46","modified_gmt":"2023-12-21T08:46:46","slug":"penny-stock-rose-2-percent-after-the-company-planned-to-raise-funds","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-rose-2-percent-after-the-company-planned-to-raise-funds\/","title":{"rendered":"Penny stock rose 2 percent after the company planned to raise funds"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-860714672\"><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>On Thursday the penny stock rose 2 percent to its intraday high of Rs 1.41 per share from its previous close of Rs 1.38 per share after the company planned to increase its share capital.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1407122825\"><!-- 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 filing of <strong>Srestha Finvest Ltd<\/strong>, the company has planned to increase its share capital by 42 percent from 58.5 crores to 83.5 crore shares and raise funds through the rights issue of up to 49 crores record date yet to be decided.\u00a0<\/p><p>Looking at the financials of Srestha Finvest Ltd, net revenue increased by 624 percent year on year, from Rs 0.29 crore in Q2FY23 to Rs 2.10 crore in Q2FY24. Their revenue fell 7.8 percent sequentially from Rs 2.28 crore in Q1FY24 to the current levels.&nbsp;<\/p><p>Furthermore, the company&#8217;s net loss increased by 931 percent year on year, from a net loss of Rs 0.32 crores in Q2FY23 to a net loss of Rs 3.3 crores in Q2FY24. Their profit decreased by 850 percent sequentially from Rs 0.44 crore in Q1FY24 to current levels.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1450034276\"><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>Srestha Finvest Ltd is a penny stock with a market capitalization of Rs 81 crores the share price has rose 8 percent in the last six months and 15 percent in the year to date. The general public owns 100 percent of the company.&nbsp;<\/p><p>The company has a low debt-to-equity ratio of 0.49 and a good current ratio of 2.71. However the company\u2019s return on equity, return on capital employed and a net profit margin ratio remain negative.&nbsp;<\/p><p>Srestha Finvest Limited is a non-banking finance company based in India. The primary business of the company is lending money against securities, movable and immovable property, finance, hire purchase, and leasing. It is involved in finance, loans, investment, consulting, and dealing in securities.&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><p><\/p><div class=\"trade-after-content\" id=\"trade-1876683772\"><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>On Thursday the penny stock rose 2 percent to its intraday high of Rs 1.41 per share from its previous close of Rs 1.38 per share after the company planned to increase its share capital.&nbsp; According to the filing of Srestha Finvest Ltd, the company has planned to increase its share capital by 42 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69898,"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":[6138,6139,9610],"class_list":["post-115959","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-indian-penny-stocks","tag-indian-penny-stocks-to-buy-in-2023","tag-penny-stock"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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