{"id":118024,"date":"2024-01-25T14:34:47","date_gmt":"2024-01-25T09:04:47","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118024"},"modified":"2024-01-25T15:52:45","modified_gmt":"2024-01-25T10:22:45","slug":"small-cap-stock-jumps-after-companys-board-approves-raising-250-cr-via-qip","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-after-companys-board-approves-raising-250-cr-via-qip\/","title":{"rendered":"Small cap stock jumps after company&#8217;s board approves raising \u20b9 250 Cr via QIP"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1317192426\"><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 the leading Consumer Glassware Manufacturing Company rose 2 percent to \u20b9366.35 per share on Thursday\u2019s trading session 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-2900525777\"><!-- 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 2:10 p.m., Borosil Ltd shares were trading at \u20b9356.10 per share, down 0.92 percent from the previous close price on the exchange. The company has a market capitalization of \u20b94,087 crore.&nbsp;<\/p><p>According to the exchange filing, The company board approved raising funds, aggregating up to \u20b9250 crores through Qualified Institutions Placement (&#8220;QIP\u201d).&nbsp;<\/p><p>According to the recent shareholding pattern, the company promoters hold 70.18 percent of the company, Domestic institutional investors hold 1.39 percent and retail investors hold a 27.65 percent stake.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-595689285\"><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>The company\u2019s revenue has increased by 11 percent year on year, from \u20b9257 crore in Q2FY23 to \u20b9286 crore in Q2FY24. During the same period, Net profit has marginally increased from \u20b927 crores to \u20b928 crores.&nbsp;<\/p><p>In the fiscal year 2023, the company&#8217;s revenue distribution by geography revealed a predominant focus on the domestic market, constituting 93%, while exports contributed 7%. This highlights a robust reliance on the local market, with a smaller yet notable presence in international markets, shaping the company&#8217;s overall revenue structure for that fiscal year.&nbsp;<\/p><p>Borosil Limited manufactures laboratory glassware and microwavable kitchenware. The company sells and markets microwavable and flameproof kitchenware and glass tumblers through more than 15,000 retail outlets, and has three manufacturing facilities.&nbsp;<\/p><p>The Company\u2019s Consumer Products segment marks for 72% of company revenue which includes microwaveable glassware products, glass tumblers, storage containers, stainless steel cookware, opal dining ware, kitchen appliances, lunch boxes, and stainless-steel flasks. In the Microwaveable glassware segment, the company has been a market leader with over 60% market share.<\/p><p>The company has 4 manufacturing facilities whose products are sold and distributed in 70+ countries. It has more than 2000 SKUs.&nbsp;<\/p><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-591605724\"><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><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-2743357036\"><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 the leading Consumer Glassware Manufacturing Company rose 2 percent to \u20b9366.35 per share on Thursday\u2019s trading session after the company board approved raising funds via QIP.&nbsp; At 2:10 p.m., Borosil Ltd shares were trading at \u20b9356.10 per share, down 0.92 percent from the previous close price on the exchange. The company [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81084,"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-118024","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 after company&#039;s board approves raising \u20b9 250 Cr via QIP - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The share price of the leading Consumer Glassware Manufacturing Company rose 2 percent to \u20b9366.35 per share on Thursday\u2019s trading session 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\/small-cap-stock-jumps-after-companys-board-approves-raising-250-cr-via-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 after company&#039;s board approves raising \u20b9 250 Cr via QIP\" \/>\n<meta property=\"og:description\" content=\"The share price of the leading Consumer Glassware Manufacturing Company rose 2 percent to \u20b9366.35 per share on Thursday\u2019s trading session after the company board approved raising funds via QIP.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-after-companys-board-approves-raising-250-cr-via-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=\"2024-01-25T09:04:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-25T10:22:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/money-cover-image-1.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-after-companys-board-approves-raising-250-cr-via-qip\/\",\"url\":\"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-after-companys-board-approves-raising-250-cr-via-qip\/\",\"name\":\"Small cap stock jumps after company's board approves raising \u20b9 250 Cr via QIP - 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