{"id":139816,"date":"2024-11-29T11:14:03","date_gmt":"2024-11-29T05:44:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=139816"},"modified":"2024-11-29T11:14:05","modified_gmt":"2024-11-29T05:44:05","slug":"stock-under-10-jumps-3-after-it-acquires-stake-in-mangopaw-technologies","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-under-10-jumps-3-after-it-acquires-stake-in-mangopaw-technologies\/","title":{"rendered":"Stock under \u20b910 jumps 3% after it acquires stake in\u00a0Mangopaw Technologies"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-992022068\"><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>Stock engaged in the trading of precious metals, stones, and jewelry along with a range of precious stone varieties to its clients, retailers, and wholesalers jumped 3 percent in the day\u2019s trade following the acquisition of a majority stake in Petmojo.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2319788647\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 220 Crores, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/540492\" target=\"_blank\" rel=\"noreferrer noopener\">Starlineps Enterprises Limited<\/a><\/strong> were trading at Rs. 8.48 per equity share, down 0.12 percent from its previous day\u2019s close price of Rs. 8.49.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>The Board of Directors of Starlineps Enterprises Limited has considered and approved a strategic investment of Rs. 2.5 Million in Mangopaw Technologies and Solutions Private Limited(PETMOJO), therby securing a non-controlling equity stake of the Company in Mangopaw Technologies and Solutions Private Limited.&nbsp;<\/p><p>Mangopaw Technologies and Solutions Private Limited also known as PETMOJO is one of India&#8217;s Leading &amp; Fastest Growing Pet Care Platform, Offering Doorstep services for taking care of pets.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-951279797\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>Starlineps Enterprises Limited is an India-based company,engaged in the trading of precious metals, stones, and jewelry. It offers studded, gold, and silver jewelry, along with a range of precious stone varieties to its clients, retailers, and wholesalers.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials and Ratios&nbsp;<\/strong><\/h2><p>Its revenue from operations grew by 169 percent from Rs. 9.07 Crores in Q2FY24 to Rs. 24.43 Crores in Q1FY25, accompanied by profits of Rs. 1.22 Crores to Rs. 3.25 Crores.&nbsp;<\/p><p>In terms of return ratios, it has reported a return on equity (ROE) of 7.05 percent and a return on capital employed (ROCE) of 9.77 percent. In terms of liquidity, it has reported a debt-to-equity ratio of 0.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" 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-728321355\"><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>Stock engaged in the trading of precious metals, stones, and jewelry along with a range of precious stone varieties to its clients, retailers, and wholesalers jumped 3 percent in the day\u2019s trade following the acquisition of a majority stake in Petmojo.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 220 Crores, the shares of Starlineps [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104923,"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":[22556,21717,21716,948,936,3157],"class_list":["post-139816","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-starlineps-enterprises","tag-starlineps-enterprises-latest-news","tag-starlineps-enterprises-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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