{"id":117089,"date":"2024-01-10T14:26:51","date_gmt":"2024-01-10T08:56:51","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117089"},"modified":"2024-01-10T16:16:50","modified_gmt":"2024-01-10T10:46:50","slug":"textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/","title":{"rendered":"Textile stock jumps 14% after it signs an MoU with Government of Tamil Nadu"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2651510621\"><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 Wednesday the share price of the micro-cap company rose by 14 percent to its intraday high of Rs 83.96 per share from its previous close of Rs 73.40 after the company entered a Memorandum of Understanding (MoU) with the Government of Tamilnadu.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-92260271\"><!-- 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 GHCL Textiles Limited&#8217;s filing, the company entered into a Memorandum of Understanding (MoU) with the Government of Tamil Nadu on January 8, 2024, as part of the Tamil Nadu Global Investors Meet 2024, for a four-year investment of up to Rs. 535 Crores.&nbsp;<\/p><p>Looking at the company&#8217;s financials, their net revenue decreased by 1.2 percent Quarter on Quarter, from Rs 263.28 crore in Q1FY24 to Rs 260.03 crore in Q2FY24. The net profit rose by 48 percent year over year, from Rs 4.16 crores in Q1FY24 to Rs 6.15 crores in Q2FY24.&nbsp;<\/p><p>The company has a zero debt-to-equity ratio and a book value of 0.86, indicating that it is less expensive. However, the return on equity, return on capital employed, and net profit margin remain negative.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3960616217\"><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>GHCL Textiles Ltd is a micro-cap company with a market capitalization of Rs 775 Crores. The share price of the company rose by 31 percent since the company was listed in the market, on 16 June 2023.&nbsp;<\/p><p>The promoter of the company owns 19 percent, the general public owns 50.6 percent, foreign institutional investors own 21.4 percent, and domestic institutional investors own 9 percent.&nbsp;<\/p><p>GHCL Textiles Limited is a yarn manufacturer and supplier based in India. It specializes in producing premium yarns for both domestic and international markets, such as GIZA, SUPIMA, Australian, and CmiA yarns.&nbsp;<\/p><p><strong>Written by Sriram KV<\/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-877820394\"><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 Wednesday the share price of the micro-cap company rose by 14 percent to its intraday high of Rs 83.96 per share from its previous close of Rs 73.40 after the company entered a Memorandum of Understanding (MoU) with the Government of Tamilnadu.&nbsp; According to GHCL Textiles Limited&#8217;s filing, the company entered into a Memorandum [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12545,"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-117089","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>Textile stock jumps 14% after it signs an MoU with Government of Tamil Nadu - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"On Wednesday the share price of the micro-cap company rose by 14 percent to its intraday high of Rs 83.96 per share from its previous close of Rs 73.40 after the company entered a Memorandum of Understanding (MoU) with the Government of Tamilnadu.\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\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Textile stock jumps 14% after it signs an MoU with Government of Tamil Nadu\" \/>\n<meta property=\"og:description\" content=\"On Wednesday the share price of the micro-cap company rose by 14 percent to its intraday high of Rs 83.96 per share from its previous close of Rs 73.40 after the company entered a Memorandum of Understanding (MoU) with the Government of Tamilnadu.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/\" \/>\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=\"2024-01-10T08:56:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-10T10:46:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.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\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/\",\"url\":\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/\",\"name\":\"Textile stock jumps 14% after it signs an MoU with Government of Tamil Nadu - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg\",\"datePublished\":\"2024-01-10T08:56:51+00:00\",\"dateModified\":\"2024-01-10T10:46:50+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"On Wednesday the share price of the micro-cap company rose by 14 percent to its intraday high of Rs 83.96 per share from its previous close of Rs 73.40 after the company entered a Memorandum of Understanding (MoU) with the Government of Tamilnadu.\u00a0\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Textile stock jumps 14% after it signs an MoU with Government of Tamil Nadu\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/tradebrains.in\/features\/#website\",\"url\":\"https:\/\/tradebrains.in\/features\/\",\"name\":\"Trade Brains\",\"description\":\"Stock Market NSE\/BSE Latest News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/tradebrains.in\/features\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\",\"name\":\"Trade Brains\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g\",\"caption\":\"Trade Brains\"},\"sameAs\":[\"http:\/\/tradebrains.in\/\"],\"url\":\"https:\/\/tradebrains.in\/features\/author\/trade-brains\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Textile stock jumps 14% after it signs an MoU with Government of Tamil Nadu - Trade Brains Features","description":"On Wednesday the share price of the micro-cap company rose by 14 percent to its intraday high of Rs 83.96 per share from its previous close of Rs 73.40 after the company entered a Memorandum of Understanding (MoU) with the Government of Tamilnadu.\u00a0","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/","og_locale":"en_US","og_type":"article","og_title":"Textile stock jumps 14% after it signs an MoU with Government of Tamil Nadu","og_description":"On Wednesday the share price of the micro-cap company rose by 14 percent to its intraday high of Rs 83.96 per share from its previous close of Rs 73.40 after the company entered a Memorandum of Understanding (MoU) with the Government of Tamilnadu.\u00a0","og_url":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2024-01-10T08:56:51+00:00","article_modified_time":"2024-01-10T10:46:50+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg","type":"image\/jpeg"}],"author":"Trade Brains","twitter_card":"summary_large_image","twitter_creator":"@TradeBrainsGrp","twitter_site":"@TradeBrainsGrp","twitter_misc":{"Written by":"Trade Brains","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/","url":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/","name":"Textile stock jumps 14% after it signs an MoU with Government of Tamil Nadu - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg","datePublished":"2024-01-10T08:56:51+00:00","dateModified":"2024-01-10T10:46:50+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"On Wednesday the share price of the micro-cap company rose by 14 percent to its intraday high of Rs 83.96 per share from its previous close of Rs 73.40 after the company entered a Memorandum of Understanding (MoU) with the Government of Tamilnadu.\u00a0","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2021\/12\/textile.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/textile-stock-jumps-14-after-it-signs-an-mou-with-government-of-tamil-nadu\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Textile stock jumps 14% after it signs an MoU with Government of Tamil Nadu"}]},{"@type":"WebSite","@id":"https:\/\/tradebrains.in\/features\/#website","url":"https:\/\/tradebrains.in\/features\/","name":"Trade Brains","description":"Stock Market NSE\/BSE Latest News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/tradebrains.in\/features\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666","name":"Trade Brains","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd7d6331c5ab74181158fb2f0f0d9eada16909507ed513a20867478cf3bbdd43?s=96&d=mm&r=g","caption":"Trade Brains"},"sameAs":["http:\/\/tradebrains.in\/"],"url":"https:\/\/tradebrains.in\/features\/author\/trade-brains\/"}]}},"_links":{"self":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/117089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/comments?post=117089"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/117089\/revisions"}],"predecessor-version":[{"id":117090,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/117089\/revisions\/117090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/12545"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=117089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=117089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=117089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}