{"id":118581,"date":"2024-02-05T14:20:18","date_gmt":"2024-02-05T08:50:18","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=118581"},"modified":"2024-02-05T15:04:54","modified_gmt":"2024-02-05T09:34:54","slug":"penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/","title":{"rendered":"Penny stock hits 10% upper circuit after its net profits increases by 304% YoY\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-670319963\"><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 of this textile company clocked 10 percent upper circuit in Monday\u2019s trading session after reporting an increase in net profit by 304 percent YoY. In just 5 trading sessions, the shares have delivered around 48 percent return to its investors.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3878488218\"><!-- 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 capitalisation of Rs. 89 crores, the shares of Garment Mantra Lifestyle Ltd started Monday\u2019s trading session on a higher note at Rs. 8.65 compared to its previous close of Rs. 8.07. During the trading session, the shares clocked a 10 percent upper circuit at Rs. 8.87 apiece, also recorded as the company\u2019s fresh 52-week high.&nbsp;<\/p><p>Such a bullish movement in the share price was observed after the company announced their October to December results. Looking at the consolidated financial statement, the revenue increased marginally by around 1 percent from Rs. 33.10 crores during the September quarter to Rs. 33.36 crores in the December quarter. In addition, the net profits zoomed by 244 percent from Rs. 41 lakhs to Rs. 1.41 crores during the same period.&nbsp;<\/p><p>Comparing these metrics on a YoY basis, the revenue increased by around 16 percent from Rs. 28.16 crores during Q3FY23 to Rs. 33.36 crores in Q3FY24. On the other hand, the net profits magnified by 304 percent from Rs. 34.88 lakhs to Rs. 1.41 crores during the same timeframe.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3985895730\"><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>Previously, the textile company received a huge export order of Rs. 141.90 million (14.19 crores) for its products to be supplied in the next 3 quarters. In the business history of the company, it is the first instance that they have received this kind of order from the export market.&nbsp;<\/p><p>Looking at the important financial ratios, the return on equity decreased from 1.44 percent during FY21-22 to 1.21 percent in FY22-23 and the return on capital employed decreased from 9.85 percent to 7.70 percent during the same time horizon.&nbsp;<\/p><p>According to the latest shareholding pattern, the Promoters have a 50.01 percent stake in the company and the remaining 49.91 per cent shares are with Retail Investors.&nbsp;<\/p><p>Headquartered in Tiruppur, Garment Mantra Lifestyle was incorporated in 2011. Garment Mantra Ltd is in the business of manufacturing, selling and distributing fabrics, and hosiery garments, and providing related services.&nbsp;<\/p><p><strong>Written By Vaibhav Patil&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-3246603714\"><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-880704001\"><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 of this textile company clocked 10 percent upper circuit in Monday\u2019s trading session after reporting an increase in net profit by 304 percent YoY. In just 5 trading sessions, the shares have delivered around 48 percent return to its investors.&nbsp; With a market capitalisation of Rs. 89 crores, the shares of Garment Mantra Lifestyle [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118360,"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-118581","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>Penny stock hits 10% upper circuit after its net profits increases by 304% YoY\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Share of this textile company clocked 10 percent upper circuit in Monday\u2019s trading session after reporting an increase in net profit by 304 percent YoY.\" \/>\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\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penny stock hits 10% upper circuit after its net profits increases by 304% YoY\u00a0\" \/>\n<meta property=\"og:description\" content=\"Share of this textile company clocked 10 percent upper circuit in Monday\u2019s trading session after reporting an increase in net profit by 304 percent YoY.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/\" \/>\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=\"2024-02-05T08:50:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-05T09:34:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/textile0.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\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/\",\"name\":\"Penny stock hits 10% upper circuit after its net profits increases by 304% YoY\u00a0 - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/textile0.jpg\",\"datePublished\":\"2024-02-05T08:50:18+00:00\",\"dateModified\":\"2024-02-05T09:34:54+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"Share of this textile company clocked 10 percent upper circuit in Monday\u2019s trading session after reporting an increase in net profit by 304 percent YoY.\",\"breadcrumb\":{\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/#primaryimage\",\"url\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/textile0.jpg\",\"contentUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/textile0.jpg\",\"width\":1280,\"height\":854},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/tradebrains.in\/features\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Penny stock hits 10% upper circuit after its net profits increases by 304% YoY\u00a0\"}]},{\"@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":"Penny stock hits 10% upper circuit after its net profits increases by 304% YoY\u00a0 - Trade Brains Features","description":"Share of this textile company clocked 10 percent upper circuit in Monday\u2019s trading session after reporting an increase in net profit by 304 percent YoY.","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\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/","og_locale":"en_US","og_type":"article","og_title":"Penny stock hits 10% upper circuit after its net profits increases by 304% YoY\u00a0","og_description":"Share of this textile company clocked 10 percent upper circuit in Monday\u2019s trading session after reporting an increase in net profit by 304 percent YoY.","og_url":"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/","og_site_name":"Trade Brains Features","article_publisher":"https:\/\/www.facebook.com\/TradeBrainsOfficial\/","article_published_time":"2024-02-05T08:50:18+00:00","article_modified_time":"2024-02-05T09:34:54+00:00","og_image":[{"width":1280,"height":854,"url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/textile0.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\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/","url":"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/","name":"Penny stock hits 10% upper circuit after its net profits increases by 304% YoY\u00a0 - Trade Brains Features","isPartOf":{"@id":"https:\/\/tradebrains.in\/features\/#website"},"primaryImageOfPage":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/#primaryimage"},"image":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/#primaryimage"},"thumbnailUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/textile0.jpg","datePublished":"2024-02-05T08:50:18+00:00","dateModified":"2024-02-05T09:34:54+00:00","author":{"@id":"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666"},"description":"Share of this textile company clocked 10 percent upper circuit in Monday\u2019s trading session after reporting an increase in net profit by 304 percent YoY.","breadcrumb":{"@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/#primaryimage","url":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/textile0.jpg","contentUrl":"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/01\/textile0.jpg","width":1280,"height":854},{"@type":"BreadcrumbList","@id":"https:\/\/tradebrains.in\/features\/penny-stock-hits-10-upper-circuit-after-its-net-profits-increases-by-304-yoy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/tradebrains.in\/features\/"},{"@type":"ListItem","position":2,"name":"Penny stock hits 10% upper circuit after its net profits increases by 304% YoY\u00a0"}]},{"@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\/118581","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=118581"}],"version-history":[{"count":1,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/118581\/revisions"}],"predecessor-version":[{"id":118582,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/posts\/118581\/revisions\/118582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media\/118360"}],"wp:attachment":[{"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/media?parent=118581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/categories?post=118581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradebrains.in\/features\/wp-json\/wp\/v2\/tags?post=118581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}