{"id":117343,"date":"2024-01-15T14:14:59","date_gmt":"2024-01-15T08:44:59","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=117343"},"modified":"2024-01-15T15:13:23","modified_gmt":"2024-01-15T09:43:23","slug":"stock-jumps-4-5-after-it-receives-large-orders-for-supply-of-halogen-lamps-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-4-5-after-it-receives-large-orders-for-supply-of-halogen-lamps-check-the-details\/","title":{"rendered":"Stock jumps 4.5% after it receives large orders for supply of halogen lamps; Check the details\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3471483337\"><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>Shares of this micro-cap stock jumped around 4.50 percent in Monday\u2019s trading session after the company received two large orders from private entities pertaining to the supply of Halogen Lamps.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3089498128\"><!-- 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>With a market capitalization of Rs 68.59 crores, the stocks of Jagan Lamps Limited opened their trading session on Monday at Rs 94.47 and currently trade at Rs 93.95, gaining approximately 4.50 percent compared to the previous closing levels of Rs 89.98 apiece.&nbsp;<\/p><p>Such bullish stock price movements were observed today after the company, through a regulatory filing with the Bombay Stock Exchange (BSE), intimated that the company has finalized two large orders from \u201cLumileds India Private Limited\u201d and \u201cOsram Lighting Private Limited\u201d for the supply of Halogen Lamps.&nbsp;<\/p><p>With the consideration not decided as of the receipt date, the orders are provided to the company by both private entities for a period of one year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2671281522\"><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>Lumileds as well as Osram procures Halogen Lamps from Jagan Lamps with the former selling it under the brand name \u2018PHILIPS\u2019 and the latter selling it under the brand name \u2018\u2018OSRAM\u2019.&nbsp;<\/p><p>During the recent financial quarters, the company reported an increase in both the prime business indicators such as operating revenues and after-tax profits. The former moved up from Rs 10 crores during Q1FY23-24 to Rs 14 crores during Q2FY23-24, and the latter, keeping the timeframe the same, rose from Rs 51 lakhs to Rs 68 lakhs.&nbsp;<\/p><p>In addition, the company\u2019s profitability ratios, viz, return on equity (RoE) as well as return on capital employed (RoCE), were on the rise with the former moving up marginally from 9.70 percent during FY21-22 to 9.75 percent during FY22-23 and the latter rising from 12.55 percent to 13.45 percent.&nbsp;<\/p><p>Jagan Lamps Limited is engaged in the business of manufacturing automotive bulbs and lights. The company offers automotive halogen and signaling lamps, LED bulbs, spare bulb kits, etc. Its products are used for commercial vehicles, passenger cars, two and three-wheeled vehicles, as well as for off-road applications.&nbsp;<\/p><p><strong>Written by Amit Madnani&nbsp;<\/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-content-10\" id=\"trade-1345423945\"><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-89483725\"><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>Shares of this micro-cap stock jumped around 4.50 percent in Monday\u2019s trading session after the company received two large orders from private entities pertaining to the supply of Halogen Lamps.&nbsp; With a market capitalization of Rs 68.59 crores, the stocks of Jagan Lamps Limited opened their trading session on Monday at Rs 94.47 and currently [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"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-117343","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>Stock jumps 4.5% after it receives large orders for supply of halogen lamps; Check the details\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this micro-cap stock jumped around 4.50 percent in Monday\u2019s trading session after the company received two large orders from private entities pertaining to the supply of Halogen Lamps.\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\/stock-jumps-4-5-after-it-receives-large-orders-for-supply-of-halogen-lamps-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock jumps 4.5% after it receives large orders for supply of halogen lamps; 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