Mukul Agrawal picks 1.28% stake in this underperforming stock, drives 14% surge
(You can now subscribe to our
(You can now subscribe to our ETMarkets WhatsApp channel
Shares of Tatva Chintan Pharma Chem , a long-time underperformer currently down 65% from its peak, jumped 13.6% in intraday trade today to Rs 1,062.70 on the BSE after prominent investor Mukul Agrawal acquired a 1.28% stake in the company.As of the updated shareholding pattern for the quarter ended June 2025, the star investor has bought 3 lakh shares of the company, representing a 1.28% equity stake Agrawal's name did not feature in the shareholding pattern available for the January-March quarter, which means either this is an entirely fresh infusion of capital, or he held a <1% stake in the company, which does not require any disclosure.At the end of the said quarter, the promoters and the promoter group of the company hold a 72% stake in the company, while the remaining 28% rests in the hands of the public shareholders.India's domestic mutual funds have slightly reduced their stake in the company, lowering it to 5.07% in June from 5.34% in March. ICICI Prudential has decreased its holding, which now stands at 1.79%, down from 2.03% previously.Goldman Sachs, through the Goldman Sachs India Equity Portfolio, maintained a 2.59% stake in Tatva Chintan as of the end of the June quarter.Tatva Chintan Pharma Chem was incorporated in 1996, and it is a manufacturer of a diverse portfolio of structure-directing agents, phase transfer catalysts, electrolyte salts for batteries, and pharmaceutical and agrochemical intermediates and other specialty chemicals.The shares of Tatva Chintan Pharma Chem have fallen by 6.88% in the last year, but have surged by 21.4% in the current calendar year so far. On a 6-month basis, the stock has rallied by 21%.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
10 minutes ago
- Time of India
Supply of ethanol-blended petrol jumps more than 4-fold in four years
The ethanol-blended petrol supplied at the retail outlets of the public sector oil companies such as Indian Oil and Bharat Petroleum has shot up from 173 crore litres in Ethanol Supply Year (November-October) 2019-20 to more than 700 crore litres in Ethanol Supply Year (ESY) 2023-24, while there has also been a corresponding increase in blending percentage from 5 per cent in ESY 2019-20 to approximately 14.6 per cent in ESY 2023-24, the Parliament was informed on Monday. Further, for the ongoing Ethanol Supply Year (ESY) 2024-25, as of June 30, 2025, a total of 661.06 crore litres of ethanol has been blended with petrol, achieving a blending percentage of 18.93 per cent, Minister of State for Petroleum and Natural Gas Suresh Gopi told the Rajya Sabha in a written reply to a question. During the month of June 2025, ethanol blending of 19.92 per cent has been achieved. All retail outlets of Public Sector Oil Marketing Companies across the country, having petrol selling facilities, dispense E20 petrol, the minister added. Highlighting India's achievements in the biofuels sector, Petroleum Minister Hardeep Singh highlighted that nearly 20 per cent ethanol blending has been achieved in 2025, a significant rise from 1.53 per cent in 2014. This accomplishment has resulted in Rs 1.4 lakh crore in foreign exchange savings, substitution of 238 lakh metric tonnes of crude oil, a reduction of 717 lakh metric tonnes in CO2 emissions, and direct payments of Rs 1.21 lakh crore to farmers. Farmers have gained as the sugar mills that are also producing ethanol can now afford to pay higher prices for sugarcane and clear pending dues in time. Encouraged by the performance, the government decided to advance the target of 20 per cent ethanol blending in petrol from 2030 to ESY 2025-26. In order to achieve the 20 per cent ethanol blending target by ESY 2025-26, the government has taken several measures which include a detailed Roadmap for Ethanol Blending in India, expansion of feedstock for the production of ethanol, remunerative price for procurement of ethanol under the EBP Programme, lowering of the GST rate to 5 per cent on ethanol for EBP Programme, and an amendment in the Industries (Development & Regulation) Act for free movement of ethanol across states for blending. An interest subvention scheme for enhancement and augmentation of ethanol production capacity in the country; regular floating of Expression of Interest (EoI) by Public Sector oil marketing companies for procurement of ethanol has also been undertaken.
News18
17 minutes ago
- News18
Odisha demands Rs 3,069 crore from Centre under RDSS
Agency: Bhubaneswar, Jul 29 (PTI) The Odisha government on Tuesday urged the Centre for early sanction of Rs 3,069 crore under the Revamped Distribution Sector Scheme (RDSS). Deputy Chief Minister K V Singh Deo has raised this demand before Union Power Minister Manohar Lal during his meeting in New Delhi, an official statement said. The Centre had launched the RDSS with an aim to reduce the aggregate technical and commercial (AT&C) losses to pan-India levels. Under the scheme, financial assistance to power distribution companies is provided for upgradation of the distribution infrastructure and for prepaid smart consumer metering and system metering based on meeting pre-qualifying criteria and achieving basic minimum benchmark in reforms, officials said. As Odisha frequently faces natural disasters like cyclones and floods, the Coalition for Disaster Resilient Infrastructure (CDRI) has proposed the creation of disaster-resilient power infrastructure with selective underground cabling, especially 30 km from the coastline, the statement said. Therefore, Odisha urgently needs central financial assistance for disaster-resilient power infrastructure, Singh Deo said. Considering the rising demand for power, he urged Lal for the allocation of 800 megawatt (MW) power from NLC Talabira Phase-II project in addition to the 400 MW already allocated in Phase-I to Odisha. It would bring the total share to 1,200 MW from 3,200 MW total project capacity, the statement said. PTI BBM BBM RG view comments First Published: July 29, 2025, 20:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
17 minutes ago
- News18
Bank of India Q1 net profit jumps 32 pc to Rs 2,252 cr
Agency: New Delhi, Jul 29 (PTI) State-owned Bank of India (BOI) on Tuesday reported a 32 per cent rise in net profit to Rs 2,252 crore during the first quarter of this financial year. The lender had earned a net profit of Rs 1,703 crore in the same quarter of the previous fiscal year. The total income rose to Rs 20,518 crore during the June quarter of 2025-26 against Rs 18,240 crore in the same quarter of FY25, BoI said in a regulatory filing. Interest earned by the bank improved to Rs 18,357 crore as compared to Rs 16,938 crore in the June quarter of FY25. However, net interest income declined by 3 per cent to Rs 6,068 crore from Rs 6,275 crore in the corresponding period a year ago. During the period, the operating profit of the bank increased to Rs 4,009 crore over Rs 3,677 crore in the year-ago period. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 2.92 per cent of gross advances at the end of the June quarter, from 4.62 per cent a year ago. Similarly, net NPAs, or bad loans, declined to 0.75 per cent against 0.99 per cent in the year-ago period. As a result, provisions for bad loans too declined to Rs 1,104 crore during the first quarter as compared to Rs 1,216 crore a year ago. Provision Coverage Ratio (PCR) improved to 92.94 per cent from 92.39 per cent in the same quarter of FY25. At the same time, Return on Assets (ROA) improved to 0.82 per cent for June 2025 from 0.7 per cent in June 2024, registering an improvement of 12 basis points, it said. Capital adequacy ratio of the bank rose to 17.39 per cent against 16.18 per cent in FY25. PTI DP DP SHW (This story has not been edited by News18 staff and is published from a syndicated news agency feed - PTI) view comments First Published: July 29, 2025, 20:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
