{"id":82454,"date":"2023-01-10T15:50:00","date_gmt":"2023-01-10T10:20:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=82454"},"modified":"2023-01-10T15:43:23","modified_gmt":"2023-01-10T10:13:23","slug":"multibagger-stock-hits-20-upper-circuit-on-appointment-of-new-md-and-ceo","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-hits-20-upper-circuit-on-appointment-of-new-md-and-ceo\/","title":{"rendered":"Multibagger stock hits 20% upper circuit on appointment of new MD and CEO\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-888325540\"><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 <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/531359\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Shriram Asset Management Company Limited<\/a><\/strong> hit an upper circuit of 19.99 percent at Rs 145.25 levels on Tuesday\u2019s session. In the past five days, the stock has zoomed by approximately 35 percent.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1921859173\"><!-- 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>The board of the company announced that they have approved the appointment of Kartik Jain as its new MD and CEO. According to the company, the appointment is subject to regulatory and shareholder approvals. Jain\u2019s appointment as MD and CEO will re-orient the brand\u2019s customer strategy and enhance operational efficiency, it added.&nbsp;<\/p><p>Shriram Mutual Fund is part of Shriram Group, one of the leading players in lending for commercial vehicles, two-wheelers, small businesses and retail, life and general insurance, and various financial services solutions. It stands as the \u2018First listed AMC\u2019 in the country.&nbsp;<\/p><p>The total revenue of the company jumped by 22 percent Year on Year to be at Rs 1.76 Crore in Q2FY23, up from Rs 1.44 Crore in the same quarter last year. The AMC reported a loss of Rs 99 lakh in the quarter compared to a profit of Rs 20 lakh in Q2FY22.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1237375366\"><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>The scrip traded at Rs 53.50 a piece around the same time in 2022. From there it has scaled up to the current levels logging a multibagger return of 172 percent in two years. An investment of Rs 1 lakh then would be worth Rs 2.72 lakhs today.&nbsp;<\/p><p>The small-cap company has a market capitalization of Rs 87 Crore. The promoters, Shriram Credit Company Limited hold a 68.67 percent stake while the remaining 31.33 percent stake is held by the public.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/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-1459972009\"><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 Shriram Asset Management Company Limited hit an upper circuit of 19.99 percent at Rs 145.25 levels on Tuesday\u2019s session. In the past five days, the stock has zoomed by approximately 35 percent.\u00a0 The board of the company announced that they have approved the appointment of Kartik Jain as its new MD and [&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":[31,1789],"tags":[3418,3464,2660,3913,3912,2838,3771,2843,2659,5445,948,936,3153,3157,3158,2597,2599],"class_list":["post-82454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-companies","tag-multibagger-returns","tag-multibagger-stock","tag-multibagger-stock-to-buy","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-2022","tag-multibagger-stocks-india","tag-multibaggers","tag-shriram-group-stock","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2022","tag-stocks-to-watch","tag-stocks-to-watch-in-2022"],"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>Multibagger stock hits 20% upper circuit on appointment of new MD and CEO\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The board of the company announced that they have approved the appointment of Kartik Jain as its new MD and CEO. According to the company, the appointment is subject to regulatory and shareholder approvals. Jain\u2019s appointment as MD and CEO will re-orient the brand\u2019s customer strategy and enhance operational efficiency, it added.\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\/multibagger-stock-hits-20-upper-circuit-on-appointment-of-new-md-and-ceo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger stock hits 20% upper circuit on appointment of new MD and CEO\u00a0\" \/>\n<meta property=\"og:description\" content=\"The board of the company announced that they have approved the appointment of Kartik Jain as its new MD and CEO. According to the company, the appointment is subject to regulatory and shareholder approvals. 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