{"id":91628,"date":"2023-02-22T14:15:00","date_gmt":"2023-02-22T08:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=91628"},"modified":"2023-02-22T15:10:04","modified_gmt":"2023-02-22T09:40:04","slug":"3-stocks-jump-more-than-5-as-demand-in-electronics-increase","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/3-stocks-jump-more-than-5-as-demand-in-electronics-increase\/","title":{"rendered":"3 Stocks jump more than 5% as demand in electronics increase"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1883341757\"><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 Consumer electronic companies in India remain optimistic about the uptrend in demand and have ramped up their production to have higher inventory. To avoid any supply chain disruptions, the company has geared up the production of both components and finished product.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3325274327\"><!-- 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>On the news, here are 3 stocks that have gained on Wednesday\u2019s trading session: <\/p><h4 class=\"wp-block-heading\" id=\"h-johnson-controls-hitachi-air-conditioning-india-ltd\"><strong>Johnson Controls-Hitachi Air Conditioning India Ltd\u00a0<\/strong><\/h4><p>The shares of the company opened at Rs 1,203.10 levels and gained as much as 8 percent in the early hours to reach an intra-day high of Rs 1,310.70 levels. In the past month, the stock has gained 16 percent however on a yearly basis, it has shed approximately 27 percent.&nbsp;<\/p><p>Johnson Controls-Hitachi Air Conditioning India Ltd is primarily engaged in the business of manufacturing, selling, and trading of air conditioners, refrigerators, chillers, and VRS systems.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1361825197\"><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>In Q3FY23, the company reported a total revenue of Rs 518.26 Crore which declined from Rs 575.64 Crore on a YoY basis. Their net loss in the period stood at Rs 26.16 Crore against a profit of Rs 20.62 Crore in Q3FY22.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>MIRC Electronics Ltd<\/strong><strong>&nbsp;<\/strong><\/h4><p>MIRC Electronics, the company that owns brands like Onida and IGO, saw its shares gain more than 5 percent till the afternoon on Tuesday and were trading at Rs 14.60 levels. In a month, the stock has gained more than 10 percent and on a yearly basis, it has shed 34 percent.&nbsp;<\/p><p>The Company is engaged in the business of manufacturing and marketing electronics goods primarily under the brands Onida and IGO. It manufactures a wide range of consumer electronics that include air conditioners, refrigerators, washing machines, and ovens among others.&nbsp;<\/p><p>In Q3FY23, the company reported total revenue of Rs 271.47 Crore, a decrease from Rs 379.07 Crore, YoY. Their net loss for the quarter was Rs 2.56 crore, compared to a profit of Rs 2.65 crore in the December quarter of FY22.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>Blue Star Ltd<\/strong><strong>&nbsp;<\/strong><\/h4><p>The company saw its share open at Rs 1,411 levels and gain as much as 5 percent to reach a 52-week high of Rs 1,478 in the early hours. In the past six months, the stock has added 19 percent and in a year it has gained 37 percent.&nbsp;<\/p><p>Blue star limited, is the country\u2019s second-largest homegrown player in the air conditioning space, also specialises in the manufacturing of commercial refrigeration and MEP (mechanical, electrical, plumbing, and firefighting).<\/p><div class=\"trade-content-10\" id=\"trade-1693163501\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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>In the period, their total revenue was at Rs 1,788.2 Crore, an increase from Rs 1,506.22 Crore. Their net profit in the period was at Rs 58.76 Crore which increased YoY from Rs 47.21 Crore.&nbsp;<\/p><p><strong>Written by Anoushka Roy<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3868712768\"><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 Consumer electronic companies in India remain optimistic about the uptrend in demand and have ramped up their production to have higher inventory. To avoid any supply chain disruptions, the company has geared up the production of both components and finished product.&nbsp; On the news, here are 3 stocks that have gained on Wednesday\u2019s trading [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"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-91628","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>3 Stocks jump more than 5% as demand in electronics increase - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The Consumer electronic companies in India remain optimistic about the uptrend in demand and have ramped up their production to have higher inventory. 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