{"id":121666,"date":"2024-04-02T15:04:20","date_gmt":"2024-04-02T09:34:20","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121666"},"modified":"2024-04-02T15:46:09","modified_gmt":"2024-04-02T10:16:09","slug":"stock-jumps-4-4-after-company-announces-expansion-plans","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-4-4-after-company-announces-expansion-plans\/","title":{"rendered":"Stock jumps 4.4% after company announces expansion plans\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2585930006\"><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 micro-cap stock jumps 4.4 percent to Rs. 95 on BSE in the trading session of Tuesday, compared to its previous closing price of Rs. 91, after the company announced expansion plans.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3074247281\"><!-- 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. 135.01 crores, the company has delivered positive returns of nearly 58.7 percent in the last one year. However, it has given negative returns of about 13.8 percent in the last six months and around 13.6 percent, so far in 2024.&nbsp;<\/p><p>According to recent regulatory filings with the stock exchanges, Maiden Forgings Limited (MFL) has successfully acquired land nearly double the size of its current facilities, covering around 4 acres. The new manufacturing facility is expected to be operational by October this year.&nbsp;<\/p><p>With this, the company aims to combine two of its existing facilities into one and acquire additional machinery to increase its capacity. The company currently operates plants at three distinct locations within Ghaziabad city.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2532593327\"><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>Following the completion of the transaction, the company aims to enhance its operational efficiencies, reduce costs, and anticipates being completely free of gross debt by the end of FY24-25 after finalising the transaction.&nbsp;<\/p><p>This transaction allows the company to improve both its gross and net profit margins, while also enhancing its gross sales in the next financial years.&nbsp;<\/p><p>Further, with the upcoming plant, the company aims to grow its product range and customer base, focusing on well-known industry clients.&nbsp;<\/p><p>In terms of financials, the company\u2019s revenue from operations grew by nearly 7.4 percent YoY from Rs. 108 crore in Q2 FY22-23 to Rs. 116 crore in Q2 FY23-24, accompanied by a constant net profit of Rs. 4 crores during the same period.&nbsp;<\/p><p>Incorporated in 1988, Maiden Forgings Limited (MFL) is one of the leading manufacturers of a wide range of Bright Steel bars &amp; wires, and has a complete in-house manufacturing facility including testing, pickling &amp; annealing.&nbsp;<\/p><p>The company specialises in all types of Bright steel bars, stainless steel bright bars and all grades of steel wires.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1687662388\"><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><p><strong>Written by Shivani Singh<\/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-after-content\" id=\"trade-2789176882\"><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 micro-cap stock jumps 4.4 percent to Rs. 95 on BSE in the trading session of Tuesday, compared to its previous closing price of Rs. 91, after the company announced expansion plans.\u00a0 With a market capitalisation of Rs. 135.01 crores, the company has delivered positive returns of nearly 58.7 percent in the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":46165,"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-121666","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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