{"id":98098,"date":"2023-03-29T14:47:00","date_gmt":"2023-03-29T09:17:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=98098"},"modified":"2023-03-29T14:42:56","modified_gmt":"2023-03-29T09:12:56","slug":"small-cap-stock-jumps-over-8-after-porinju-veliyath-invests-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/small-cap-stock-jumps-over-8-after-porinju-veliyath-invests-in-the-company\/","title":{"rendered":"Small cap stock jumps over 8% after\u00a0Porinju Veliyath invests in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1269064238\"><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>On Tuesday, the bulk deals section on the NSE provided an update with respect to the ace investor, Mr. Porinju Veliyath, owned company \u2018Equity Intelligence India\u2019 buying around 6.1 lakh equity shares in the Hospital chain \u2018Shalby Ltd\u2019. The average price for the above deal was fixed to be Rs 117 per share.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2326808078\"><!-- 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 stock opened its trading session today at a price of Rs 122.40 and currently trades at Rs 126.10. The scrip is up around 8 percent in comparison to the previous closing price of Rs 116.85.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/SHALBY\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Shalby Ltd<\/a><\/strong> operates a chain of multispecialty hospitals. It is engaged in the business of setting up and managing hospitals and medical diagnostic services. The hospitals offer healthcare services to patients in various areas of specialization such as Cardiology, Emergency Medicine, Gastroentero Surgery, Arthroscopy Sports Injury, Infectious Diseases, Oncology, and others. The activities are mainly conducted only in India.\u00a0<\/p><p>Having a quick walkthrough of the financials, the company has reported mixed movements in the revenue and net profit figures. Revenues moved from Rs 201.8 crores in Q2 to Rs 202.46 crores in Q3. On a contrasting note, the net profits moved from Rs 18.4 crores in Q2 to Rs 15.28 crores in Q3.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2815148288\"><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 profitability ratios of the company have also been able to witness an uptrend with ROE moving from 5.19 percent in FY20-21 to 6.31 percent in FY21-22. Moreover, the ROCE figures showed a shift from 6.85 percent in FY20-21 to 9.08 percent in FY21-22.&nbsp;<\/p><p>Something of a concern is the increasing debt to equity ratio of the company which shifted from 0.05 in FY20-21 to 0.18 during FY21-22.&nbsp;<\/p><p>As per the recent quarter data, promoters of the company hold a 74.12 percent stake whereas FIIs, showing faith, have increased their stakes from 3.78 percent in Q2 to 3.97 percent in Q3.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani<\/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 views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in 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-3172275642\"><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>On Tuesday, the bulk deals section on the NSE provided an update with respect to the ace investor, Mr. Porinju Veliyath, owned company \u2018Equity Intelligence India\u2019 buying around 6.1 lakh equity shares in the Hospital chain \u2018Shalby Ltd\u2019. The average price for the above deal was fixed to be Rs 117 per share.&nbsp; The company\u2019s [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":24849,"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":[6616,3047,5890,3046,6617,5505,5506,5507,7934,7937,7936,7938,7935,7780,7781,7782,948,936,3153,3157,2597,996],"class_list":["post-98098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-pharma-stock","tag-pharma-stocks","tag-pharma-stocks-latest-news","tag-pharma-stocks-to-buy","tag-pharma-stocks-to-buy-now","tag-porinju-veliyath","tag-porinju-veliyath-stocks","tag-porinju-veliyath-stocks-2023","tag-shalby-ltd","tag-shalby-ltd-deals","tag-shalby-ltd-latest-news","tag-shalby-ltd-orders","tag-shalby-ltd-share-price","tag-small-cap-pharma-stock","tag-small-cap-pharma-stock-to-buy","tag-small-cap-pharma-stock-to-buy-now","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-which-pharma-stock-are-profitable"],"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>Small cap stock jumps over 8% after\u00a0Porinju Veliyath invests in the company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company\u2019s stock opened its trading session today at a price of Rs 122.40 and currently trades at Rs 126.10. 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