{"id":121380,"date":"2024-03-27T13:31:27","date_gmt":"2024-03-27T08:01:27","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121380"},"modified":"2024-03-27T14:27:06","modified_gmt":"2024-03-27T08:57:06","slug":"stock-jumps-7-after-companys-board-scheduled-meet-for-fund-raising-proposal","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-7-after-companys-board-scheduled-meet-for-fund-raising-proposal\/","title":{"rendered":"Stock jumps 7% after company\u2019s Board scheduled meet for fund raising proposal\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-773933311\"><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 small-cap stock jumped over 7.34 percent on BSE at Rs. 182.7 in the morning trading session of Wednesday, from its previous closing price of Rs. 170.2, after the company board planned to hold a meeting to consider the approval of fundraising.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3311583128\"><!-- 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. 9,166.12 crores, at 11:53 a.m. the shares of Prism Johnson Limited were trading in the green at Rs. 182.05, up by nearly 6.71 percent.&nbsp;<\/p><p>In the last one year, the company has delivered positive returns of about 68.4 percent and nearly 37.8 percent of returns in the last six months. So far in 2024, it has given negative returns of around 1.1 percent.&nbsp;<\/p><p>According to recent regulatory filings with the stock exchanges, the Board of Directors of Prism Johnson Limited scheduled a meeting to be held on March 29th to consider and approve the raising of funds.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3790354071\"><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 fund will be raised by issue of Non-convertible Debentures on a private placement basis.&nbsp;<\/p><p>In terms of financials, the company\u2019s revenue from operations fell by 5.98 percent from Rs. 1,838 crore in Q2 FY23-24 to Rs. 1,728 crore in Q3 FY23-24.&nbsp;<\/p><p>The net profit of the company also decreased by 106.01 percent from a profit of Rs. 183 crore in Q2 FY23-24 to a loss of Rs. 11 crore in Q3 FY23-24.&nbsp;<\/p><p>As of December 2023, FIIs hold 3.91 percent of the shares, whereas DIIs hold 5.1 percent of the shares in the company, aggregating to 9.01 percent of the institutional holdings.&nbsp;<\/p><p>Prism Johnson Limited is one of the leading integrated building material companies in India, offering a wide range of products including cement, ready-mixed concrete, tiles, bath fittings, sanitary ware and modular kitchens.&nbsp;<\/p><p><strong>Written by Shivani Singh&nbsp;<\/strong><\/p><div class=\"trade-content-10\" id=\"trade-771498401\"><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-486146996\"><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 small-cap stock jumped over 7.34 percent on BSE at Rs. 182.7 in the morning trading session of Wednesday, from its previous closing price of Rs. 170.2, after the company board planned to hold a meeting to consider the approval of fundraising.&nbsp; With a market capitalisation of Rs. 9,166.12 crores, at 11:53 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81130,"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-121380","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) - 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