{"id":122837,"date":"2024-04-22T11:59:11","date_gmt":"2024-04-22T06:29:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=122837"},"modified":"2024-04-22T13:35:17","modified_gmt":"2024-04-22T08:05:17","slug":"rushil-decor-jumps-after-production-begins-at-karnataka-plant","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/rushil-decor-jumps-after-production-begins-at-karnataka-plant\/","title":{"rendered":"Rushil Decor jumps after production begins at Karnataka plant"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1239832007\"><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 moved up by nearly 4% to Rs. 312.4 on BSE in the morning trading session of Monday, compared to its previous closing price of Rs. 300.4, after the company announced commencing commercial production in its Karnataka factory.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3068416975\"><!-- 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. 811.8 crores, at 10:24 a.m. the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RUSHIL\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Rushil Decor Limited<\/a><\/strong> were trading in the green at Rs. 306.3, up by 1.7 percent on NSE.\u00a0<\/p><p>The company has delivered positive returns of about 9.1 percent in the last one year. However, it has given negative returns of nearly 7.5 percent in the last six months and around 21.07 percent, so far in 2024.&nbsp;<\/p><p>According to recent regulatory filings with the stock exchanges, Rushil Modala Ply Limited, a subsidiary company of Rushil Decor Limited, has commenced commercial production of plywood in its factory premises in Karnataka.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2621806881\"><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>Rushil Modala Ply Limited was incorporated on March 19, 2024, and is engaged in the business of manufacturing and sale of plywood and allied products.&nbsp;<\/p><p>In terms of financials, the company\u2019s revenue from operations grew by nearly 1.5 percent YoY from Rs. 210 crore in Q3 FY22-23 to Rs. 213 crore in Q3 FY23-24, accompanied by an increase in the net profit of 10 percent YoY, from Rs. 10 crore in Q3 FY22-23 to Rs. 11 crore in Q3 FY23-24.&nbsp;<\/p><p>As of March 2024, FIIs hold 1.17 percent of the shares, whereas the Promoters\u2019 holding remains unchanged at 56.39 percent of shares in Rushil Decor.&nbsp;<\/p><p>Rushil Decor Limited is a leader in the Decorative High-Pressure Laminates market in India with global footprints in over 51 countries and was established in 1993.&nbsp;<\/p><p>The company is primarily engaged in the business of manufacturing and sale of Laminate Sheets, Medium Density Fibre Board, Pre-laminated Medium Density Fibre Board boards, and Polyvinyl Chloride Board.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Shivani Singh&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\">Disclaimer<\/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-2899640071\"><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-3287026628\"><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 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[&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104924,"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-122837","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>Rushil decor jumps 2% after production begins at Karnataka plant<\/title>\n<meta name=\"description\" content=\"Share price of this micro-cap stock moved up by nearly 4% to Rs. 312.4 on BSE in the morning trading session of Monday, compared to its previous closing price of Rs. 300.4, after the company announced commencing commercial production in its Karnataka factory.\u00a0\" 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