{"id":119874,"date":"2024-02-27T15:37:55","date_gmt":"2024-02-27T10:07:55","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119874"},"modified":"2024-02-27T15:38:00","modified_gmt":"2024-02-27T10:08:00","slug":"small-cap-stock-jumps-up-to-6-after-companys-board-approves-raising-150-cr-via-qip","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-up-to-6-after-companys-board-approves-raising-150-cr-via-qip\/","title":{"rendered":"Small cap stock jumps up to 6% after company&#8217;s board approves raising \u20b9 150 Cr via QIP\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4204880603\"><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 shares of this small-cap stock gained 6 percent, reaching a 52-week high price of \u20b91,295.50 per share on Tuesday after the company board approved raising funds through QIP up to \u20b9150 crores.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1268321531\"><!-- 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 2:30 p.m., <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/XPROINDIA\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">XPRO India Ltd.<\/a><\/strong> shares were trading at \u20b91,249.15 per share, up 2.15 percent from the previous close price on the National Stock Exchange. The company has a market capitalization of \u20b92,582 crore.\u00a0<\/p><p>The board of directors, on February 26, 2024, approved fundraising through a qualified institution placement, allowing for a maximum sum of \u20b9150 crore. This entails the issuance of equity shares, each valued at \u20b910, and a specified minimum floor price of \u20b91,158.32 per equity share.&nbsp;<\/p><p>XPRO India Ltd. experienced a 3.2 percent year-on-year increase in revenue, rising from \u20b993 crore in Q3 FY23 to \u20b996 crore in Q3 FY24. Similarly, during the same period, net profit witnessed an increase of 83% from a profit of \u20b96 crore to a loss of \u20b911 crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2500223131\"><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>In comparison to the preceding quarter, operational revenue dropped by 12 percent, decreasing from \u20b9110 crores in Q2 FY24 to \u20b996 crores in Q3 FY24. Additionally, net profit has slightly increased by 22% from \u20b99 crores to \u20b911 crores during this timeframe, as reported in the company&#8217;s exchange filing.&nbsp;<\/p><p>XPRO India Ltd is engaged mainly in the business of polymer processing at multiple locations and is a leading manufacturer in India of Coextruded Plastic Films, thermoformed liners and specialty films (including dielectric films and special purpose BOPP Films).&nbsp;<\/p><p>XPRO India Ltd shares have gained 36 percent in the last six months and 135 percent in a year.For instance,a shareholder investment of \u20b9 1 lakh in the company,would be worth \u20b92.35 in a year.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><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-2621159483\"><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 shares of this small-cap stock gained 6 percent, reaching a 52-week high price of \u20b91,295.50 per share on Tuesday after the company board approved raising funds through QIP up to \u20b9150 crores.&nbsp; At 2:30 p.m., XPRO India Ltd. shares were trading at \u20b91,249.15 per share, up 2.15 percent from the previous close price on [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97245,"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":[31,1789],"tags":[948,936,16910,16911,16909],"class_list":["post-119874","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-xpro-india-latest-news","tag-xpro-india-qip","tag-xpro-india-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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