{"id":130369,"date":"2024-08-06T13:47:49","date_gmt":"2024-08-06T08:17:49","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=130369"},"modified":"2024-08-06T15:52:17","modified_gmt":"2024-08-06T10:22:17","slug":"cable-stock-hits-5-upper-circuit-after-it-acquires-land-for-plant-expansion","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/cable-stock-hits-5-upper-circuit-after-it-acquires-land-for-plant-expansion\/","title":{"rendered":"Cable stock hits 5% upper circuit after it acquired land for plant expansion"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2002881234\"><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 a leading electrical wires and cables manufacturer touched 5% upper circuit limit following the company&#8217;s announcement to acquire 8,200 square meters of land for plant expansion.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-51383399\"><!-- 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 capitalization of \u20b9651 crore. On Tuesday, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/VMARCIND\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">V-Marc India Ltd<\/a><\/strong> shares hit 5% upper circuit to \u20b9285.50 per share on the National Stock Exchange.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened: <\/strong><\/h2><p>According to V-Marc India Ltd&#8217;s exchange filing, the company has entered into an agreement to acquire 8,200 square meters of land near its existing project in Village Kaliar, Tehsil Roorkee, District Haridwar, Uttarakhand. This acquisition is intended for expansion and new projects in the pipeline.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company: <\/strong><\/h2><p>V -Marc India Ltd manufactures PVC Insulated Wires &amp; Cables. The company specializes in a variety of products, including low tension (LT) and high tension (HT) cables, communication cables, and flexible wires, catering to both domestic and industrial markets.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1288926786\"><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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read<\/strong><\/p>\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-trade-brains wp-block-embed-trade-brains\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"KS252bIsY3\"><a href=\"https:\/\/tradebrains.in\/features\/pharma-stock-under-70-jumps-4-after-morgan-stanley-and-other-fiis-buy-stake-in-the-company\/\">Pharma stock under \u20b9 70 jumps 4% after Morgan Stanley and other FIIs buy stake in the company<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Pharma stock under \u20b9 70 jumps 4% after Morgan Stanley and other FIIs buy stake in the company&#8221; &#8212; Trade Brains\" src=\"https:\/\/tradebrains.in\/features\/pharma-stock-under-70-jumps-4-after-morgan-stanley-and-other-fiis-buy-stake-in-the-company\/embed\/#?secret=6b2h4L8umU#?secret=KS252bIsY3\" data-secret=\"KS252bIsY3\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials: <\/strong><\/h2><p>V -Marc India Ltd reported a 130% year-on-year increase in revenue, rising from \u20b9245 crore in FY 22-23 to \u20b9565 crore in FY 23-24. The company&#8217;s net profit surged by 170%, climbing from \u20b910 crore to \u20b927 crore over the same period.&nbsp;<\/p><p>In the past 12 months, V-Marc India Ltd shares have risen by 182% and in last three months the share have gained 77%.&nbsp;<\/p><p>In FY24, the company reported a net profit margin of 4.75%. Additionally, return ratios improved significantly, with Return on Capital Employed (ROCE) rising from 23.42% in FY23 to 34.45% in FY24, and Return on Equity (ROE) increasing from 13.10% in FY23 to 25.20% in FY24.&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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-670309732\"><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 a leading electrical wires and cables manufacturer touched 5% upper circuit limit following the company&#8217;s announcement to acquire 8,200 square meters of land for plant expansion.&nbsp; With a market capitalization of \u20b9651 crore. On Tuesday, V-Marc India Ltd shares hit 5% upper circuit to \u20b9285.50 per share on the National Stock Exchange.&nbsp; [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105330,"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":[948,936,2597,21226,14186,14185],"class_list":["post-130369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch","tag-v-marc-india","tag-v-marc-india-latest-news-2","tag-v-marc-india-share-price-2"],"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>Cable stock hits 5% upper circuit after it acquired land for plant expansion - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of a leading electrical wires and cables manufacturer touched a 5% upper circuit limit following the company&#039;s announcement to acquire 8,200 square meters of land for plant expansion.\u00a0\" \/>\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\/cable-stock-hits-5-upper-circuit-after-it-acquires-land-for-plant-expansion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cable stock hits 5% upper circuit after it acquired land for plant expansion\" \/>\n<meta property=\"og:description\" content=\"The shares of a leading electrical wires and cables manufacturer touched a 5% upper circuit limit following the company&#039;s announcement to acquire 8,200 square meters of land for plant expansion.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/cable-stock-hits-5-upper-circuit-after-it-acquires-land-for-plant-expansion\/\" \/>\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=\"2024-08-06T08:17:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-06T10:22:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/cable.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\/cable-stock-hits-5-upper-circuit-after-it-acquires-land-for-plant-expansion\/\",\"url\":\"https:\/\/tradebrains.in\/features\/cable-stock-hits-5-upper-circuit-after-it-acquires-land-for-plant-expansion\/\",\"name\":\"Cable stock hits 5% upper circuit after it acquired land for plant expansion - 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