{"id":99486,"date":"2023-04-06T15:01:00","date_gmt":"2023-04-06T09:31:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=99486"},"modified":"2023-04-06T14:58:52","modified_gmt":"2023-04-06T09:28:52","slug":"penny-stock-jumps-47-in-just-5-days-after-icra-increases-credit-rating","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-jumps-47-in-just-5-days-after-icra-increases-credit-rating\/","title":{"rendered":"Penny stock jumps 47% in just 5 days after ICRA increases credit rating"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2576414614\"><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>In the early morning session on Friday, the shares of Nandan Denim<em> <\/em>gained by over 11.4 percent, trading at \u20b922.8 per share. In the past week, the stock price of Nandan Denim gained by around <strong>45.6 percent<\/strong>. An investment of \u20b91,00,000 in the stock would have left investors wealthier by \u20b947,000 in the past 5 trading sessions alone.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-232393326\"><!-- 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 April 5th, 2023, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/NDL\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">Nandan Denim<\/a><\/strong> disclosed a filing with BSE, confirming that they identify the company as a large corporate enterprise. The filing also showed the highest crediting rating for the firm in the last financial year of BBB, issued by credit rating agency ICRA Ltd.&nbsp;<\/p><p>Nandan Denim is a penny stock, with a market capitalization of \u20b9328.66 crores. As the name of the company suggests, it is involved in the manufacture and sale of fabrics like Denim, Yarn, and shirt fabrics. They supply their fabric products to over 28 countries worldwide.&nbsp;<\/p><p>The scrip gained by over 45 percent in 5 days, but has shed about 65.8 percent of its value in the past year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-543909451\"><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 company posted revenues of \u20b9262 crores in the quarter ending December 2022. The <strong>9M FY2023 <\/strong>revenues of the company stand at \u20b91,570 crores and a net loss of \u20b91 crore. To compare, its <strong>FY 2022 <\/strong>sales figures were \u20b92,176 crores, netting profits of \u20b968 crores for the full financial year.&nbsp;<\/p><p>The latest shareholding of the company shows promoters own almost 2\/3rds of the company (64.74 percent), with a minor increase in stake (0.01 percent) in the quarter ending June 2022. The remaining stake in the company is held by the public (34.75 percent), and a small percentage is held by FIIs (0.52 percent) and the government (0.01 percent).&nbsp;<\/p><p>Nandan Denims is a penny stock with higher volatility. Penny stocks are small companies with stocks that are susceptible to rapid price changes and are unpredictable. Always do your own research before investing in such stocks.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Karan N<\/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-3351696678\"><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>In the early morning session on Friday, the shares of Nandan Denim gained by over 11.4 percent, trading at \u20b922.8 per share. In the past week, the stock price of Nandan Denim gained by around 45.6 percent. An investment of \u20b91,00,000 in the stock would have left investors wealthier by \u20b947,000 in the past 5 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":27535,"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":[8198,8201,8200,8202,8199,5516,5532,6731,5533,7282,948,936,3153,3157,2597,7916,7915,6838,6839,8203],"class_list":["post-99486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editor-pick","category-news","tag-nandan-denim","tag-nandan-denim-business","tag-nandan-denim-latest-news","tag-nandan-denim-returns","tag-nandan-denim-share-price","tag-penny-stocks-2023","tag-penny-stocks-to-buy","tag-penny-stocks-to-buy-in-2023","tag-penny-stocks-to-watch","tag-penny-stocks-with-high-promoter-holdings","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-textile-stock-to-buy-in-2023","tag-textile-stock-to-watch","tag-textile-stocks-to-buy-now","tag-textile-stocks-to-watch","tag-what-is-the-future-of-nandan-denim"],"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>Penny stock jumps 47% in just 5 days after ICRA increases credit rating - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company is a penny stock with a market capitalization of \u20b9328.66 crores. 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