{"id":72188,"date":"2022-11-09T14:25:00","date_gmt":"2022-11-09T08:55:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=72188"},"modified":"2022-11-09T14:23:00","modified_gmt":"2022-11-09T08:53:00","slug":"stock-hits-upper-circuit-of-20-after-company-reports-764-increase-in-net-profit","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-hits-upper-circuit-of-20-after-company-reports-764-increase-in-net-profit\/","title":{"rendered":"Stock hits upper circuit of 20% after company reports 764% increase in net profit\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3951198811\"><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 href=\"https:\/\/portal.tradebrains.in\/stock\/HONDAPOWER\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Honda India Power Products<\/a> Ltd climbed a whopping 20% on Wednesday\u2019s early trades to reach an intraday high of \u20b9 2205.35 apiece on the National Stock Exchange (NSE). Its shares were trading at \u20b9 2115.00 a piece, up 15.08%, at 01:03 PM on Wednesday.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1801471298\"><!-- 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>Honda India Power Products, formerly Honda India Power Products, manufactures and markets portable gensets, water pumps, general-purpose engines, lawnmowers, brush cutters and tillers.\u00a0<\/p><p>The company\u2019s shares soared after it reported an enormous increase in its net profit for the latest quarter. According to the unaudited financial results published by the company for the quarter and half year ended September 30, 2022, its net profit came in at \u20b9 42.42 crores in&nbsp;<\/p><p>the September quarter (Q2FY23). Its profit has increased by a massive 764% since it reported a profit of \u20b9 4.91 crores in the corresponding quarter last year (Q2FY22).&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3002889181\"><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>It posted a topline of \u20b9 399.63 crore in September 2022 (Q2FY23), indicating an increase of 94.17% when compared with \u20b9 205.81 crore in September 2021 (Q2FY22).&nbsp;<\/p><p>Honda India Power Products is a small cap company with a market capitalization of \u20b9 1,864 crore. The company is almost debt free with a debt to equity ratio of \u20b90.00 and has an ideal return on equity of 11.69%.&nbsp;<\/p><p>Its shares are trading at a price to equity ratio (P\/E) of 31.26, which is slightly lower than the industry P\/E ratio of 34.04, therefore the stock might be undervalued. Further, its promoters hold a 66.67% stake in the company. Tata Small cap Fund Direct Growth and Nippon India Small Cap Fund Direct Growth are two mutual funds that hold a stake in this company.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-1026799212\"><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 Honda India Power Products Ltd climbed a whopping 20% on Wednesday\u2019s early trades to reach an intraday high of \u20b9 2205.35 apiece on the National Stock Exchange (NSE). Its shares were trading at \u20b9 2115.00 a piece, up 15.08%, at 01:03 PM on Wednesday.\u00a0 Honda India Power Products, formerly Honda India Power [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":62638,"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":[1513,31],"tags":[],"class_list":["post-72188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news"],"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>Stock hits upper circuit of 20% after company reports 764% increase in net profit\u00a0 - Trade Brains Features<\/title>\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\/stock-hits-upper-circuit-of-20-after-company-reports-764-increase-in-net-profit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Stock hits upper circuit of 20% after company reports 764% increase in net profit\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of Honda India Power Products Ltd climbed a whopping 20% on Wednesday\u2019s early trades to reach an intraday high of \u20b9 2205.35 apiece on the National Stock Exchange (NSE). Its shares were trading at \u20b9 2115.00 a piece, up 15.08%, at 01:03 PM on Wednesday.\u00a0 Honda India Power Products, formerly Honda India Power [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/stock-hits-upper-circuit-of-20-after-company-reports-764-increase-in-net-profit\/\" \/>\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=\"2022-11-09T08:55:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.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:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/09\/Market-1985-Cover-image.jpg\" \/>\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\/stock-hits-upper-circuit-of-20-after-company-reports-764-increase-in-net-profit\/\",\"url\":\"https:\/\/tradebrains.in\/features\/stock-hits-upper-circuit-of-20-after-company-reports-764-increase-in-net-profit\/\",\"name\":\"Stock hits upper circuit of 20% after company reports 764% increase in net profit\u00a0 - 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