{"id":117315,"date":"2024-01-15T12:04:43","date_gmt":"2024-01-15T06:34:43","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117315"},"modified":"2024-01-15T12:39:53","modified_gmt":"2024-01-15T07:09:53","slug":"small-cap-stock-jumps-2-6-after-companys-board-approves-qip","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-2-6-after-companys-board-approves-qip\/","title":{"rendered":"Small cap stock jumps 2.6% after company&#8217;s board approves QIP"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-909985925\"><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>Share price of this engineering conglomerate moved up by 2.57 percent from its previous close of Rs. 1,099.65 and opened at Rs. 1,125, while its last traded price was Rs. 1,127.9.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-226170093\"><!-- 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>On January 12, Goodluck India received board approval for the opening of the QIP (Qualified Institution Place) Issue. The floor price has been set at Rs. 989.40 per equity share, based on the pricing formula as prescribed under SEBI ICDR Regulations.<\/p><p>It has also been mentioned that the company may at its discretion offer a discount of not more than five percent on the floor price for the Issue.<\/p><p>Formerly known as Goodluck Steel Tubes Limited, it has a market cap of Rs. 3,197 crore and is currently trading at Rs. 1,124.65. It hit an all-time high of Rs. 1,168.75 on Friday, the day when it received the board&#8217;s approval for the opening of the QIP Issue.<\/p><div class=\"trade-content_5\" id=\"trade-92567164\"><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>Financially, the company has delivered good profit growth of 42.6 percent CAGR over the last 5 years and its revenue from operations grew 17.56 percent from Rs. 2,613 crores in FY21-22 to Rs. 3,072 crores in FY22-23. This revenue growth is accompanied by an increase in profits by 17.5 percent from Rs. 75.01 crores in FY21-22 to Rs. 87.8 crores in FY22-23.<\/p><p>The revenue from operations grew 13.7 percent on a year-on-year basis from Rs. 858 crores in the June quarter to Rs. 886 crores in the September quarter of the year 2023.<\/p><p>As of January 2024, FIIs hold 1.17 percent of the shares whereas DIIs hold 1.13 percent, aggregating to 2.3 percent of institutional holding. The promoters own 58.35 percent of Goodluck India which has decreased by 0.38 percent over the last quarter.<\/p><p>The company has spent 2.13 percent of its operating revenue towards interest expenses and 4.1 percent towards employee costs in the year ending 31st March 2023.<\/p><p>Established in the year 1986, Goodluck India Limited (GIL) is engaged in the business of manufacturing and selling sheets, pipes, automobile tubes, fabricated structures and other such engineering products.<\/p><p>GIL has over five manufacturing facilities with a total installed capacity of more than 3 lakh tonnes per annum and the company is listed on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).<\/p><div class=\"trade-content-10\" id=\"trade-1019148837\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shivani Singh<\/strong><\/p><\/blockquote><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-1788456461\"><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>Share price of this engineering conglomerate moved up by 2.57 percent from its previous close of Rs. 1,099.65 and opened at Rs. 1,125, while its last traded price was Rs. 1,127.9. On January 12, Goodluck India received board approval for the opening of the QIP (Qualified Institution Place) Issue. The floor price has been set [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98557,"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-117315","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>Small cap stock jumps 2.6% after company&#039;s board approves QIP - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Share price of this engineering conglomerate moved up by 2.57 percent from its previous close of Rs. 1,099.65 and opened at Rs. 1,125, while its last traded price was Rs. 1,127.9.\" \/>\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\/small-cap-stock-jumps-2-6-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=\"Small cap stock jumps 2.6% after company&#039;s board approves QIP\" \/>\n<meta property=\"og:description\" content=\"Share price of this engineering conglomerate moved up by 2.57 percent from its previous close of Rs. 1,099.65 and opened at Rs. 1,125, while its last traded price was Rs. 1,127.9.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-2-6-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=\"2024-01-15T06:34:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-15T07:09:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/index-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\/small-cap-stock-jumps-2-6-after-companys-board-approves-qip\/\",\"url\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-2-6-after-companys-board-approves-qip\/\",\"name\":\"Small cap stock jumps 2.6% after company's board approves QIP - 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