{"id":86646,"date":"2023-01-31T13:46:00","date_gmt":"2023-01-31T08:16:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=86646"},"modified":"2023-01-31T14:33:59","modified_gmt":"2023-01-31T09:03:59","slug":"multibagger-it-stock-jumps-11-78-after-it-reports-a-451-increase-in-net-profit","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-it-stock-jumps-11-78-after-it-reports-a-451-increase-in-net-profit\/","title":{"rendered":"Multibagger IT Stock jumps 11.78%\u00a0after it reports a 451% increase in net profit"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1532718918\"><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 Mold-Tek Technologies gained 11.78% after the company reported robust results for the October to December quarter of 2022. Its shares were trading at \u20b9 174.10 apiece, up 1.02% on the National Stock Exchange, at 01:10 AM on Tuesday.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1906100964\"><!-- 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 company\u2019s revenue from operations increased by 71.41% to \u20b9 40.71 crores in the December quarter (Q3FY23) from \u20b9 23.75 crores in the same quarter last year (Q3FY22). In addition, its profit after tax increased by a whopping 451.50% to \u20b9 9.21 crores in the December quarter (Q3FY23) from \u20b9 1.67 crores in the corresponding quarter last year.&nbsp;<\/p><p>\u201cImproved quality with timely execution has resulted in Tier 1 clients offering larger projects with good hourly rates,\u201dthe company said in an exchange filing.&nbsp;<\/p><p>\u201cWe are focusing on Electric Vehicles domain and our association with the Tier 1 and 2 clients has contributed to the Mechanical division growth in last few quarters. In the upcoming quarters we are taking measures to increase the capacity both in-house and also through sub-contract to execute more number of orders we are receiving from clients in Europe and Mexico,\u201d it added.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3309657958\"><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>Further, it said that connection design and member design capacities have been created and it hopes to enhance its revenue and profitability with its entry into high value engineering services.&nbsp;<\/p><p>Mold-Tek Technologies has given multibagger returns of 111.80% in the past year. Therefore, if an investor would have invested \u20b9 1 lakh in the company&#8217;s shares two years ago, the value of their holdings would have been \u20b9 2.12 lakhs today!&nbsp;<\/p><p>Mold-Tek Technologies is a small-cap company with a market capitalization of \u20b9 487 crores. It operates in the IT industry and is a global leader in providing engineering and technology solutions.&nbsp;<\/p><p>The company has an ideal return on equity of 19.88% and an ideal debt-to-equity ratio of 0.08. Its shares were trading at a price-to-earnings ratio (P\/E) of 30.95, which is significantly higher than the industry P\/E of 9.41, indicating that it might be undervalued as compared to its peers.&nbsp;<\/p><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3028080347\"><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 Mold-Tek Technologies gained 11.78% after the company reported robust results for the October to December quarter of 2022. Its shares were trading at \u20b9 174.10 apiece, up 1.02% on the National Stock Exchange, at 01:10 AM on Tuesday.&nbsp; The company\u2019s revenue from operations increased by 71.41% to \u20b9 40.71 crores in the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":77505,"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":[4865,31],"tags":[],"class_list":["post-86646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","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>Multibagger IT Stock jumps 11.78%\u00a0after it reports a 451% increase in net profit - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company\u2019s revenue from operations increased by 71.41% to \u20b9 40.71 crores in the December quarter (Q3FY23) from \u20b9 23.75 crores in the same quarter last year (Q3FY22). In addition, its profit after tax increased by a whopping 451.50% to \u20b9 9.21 crores in the December quarter (Q3FY23) from \u20b9 1.67 crores in the corresponding quarter last year.\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-it-stock-jumps-11-78-after-it-reports-a-451-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=\"Multibagger IT Stock jumps 11.78%\u00a0after it reports a 451% increase in net profit\" \/>\n<meta property=\"og:description\" content=\"The company\u2019s revenue from operations increased by 71.41% to \u20b9 40.71 crores in the December quarter (Q3FY23) from \u20b9 23.75 crores in the same quarter last year (Q3FY22). 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