Latest news with #ChamanLalSetiaExports
Mint
21 hours ago
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 1 July 2025
Breakout stocks buy or sell: The Indian stock market closed the final trading session of June in negative territory, as investors locked in profits after a strong four-day rally. Despite this dip, the market ended the month with gains for the fourth straight time. The Nifty 50 rose by 3.10% and the Sensex gained 2.65% in June, taking the combined gains over the past four months for both indices to more than 15%. Sumeet Bagadia, Executive Director at Choice Broking, believes that Indian stock market sentiment is positive but the Nifty 50 index is facing hurdle at 25,650 to 25,700 zone. Speaking on the outlook of Indian stock market, Bagadia said, ' On the lower side, Nifty today has immediate support at 25,500, whereas it has crucial support at 25,250 to 25,200 range. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five breakout stocks to buy today: Chaman Lal Setia Exports, DB Corp, Jammu and Kashmir Bank, Karur Vysya Bank, and Hubtown. 1] Chaman Lal Setia Exports: Buy at ₹ 381.65, target ₹ 410, stop loss ₹ 368; 2] DB Corp: Buy at ₹ 284.65, target ₹ 305, stop loss ₹ 274; 3] Jammu and Kashmir Bank: Buy at ₹ 115.85, target ₹ 125, stop loss ₹ 111; 4] Karur Vysya Bank: Buy at ₹ 267.55, target ₹ 475, stop loss ₹ 258; 5] Hubtown: Buy at ₹ 269.05, target ₹ 288, stop loss ₹ 259. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
&w=3840&q=100)
Business Standard
24-06-2025
- Business
- Business Standard
These 3 basmati rice stocks rally up to 11% amid Israel-Iran ceasefire
Shares of listed basmati rice exporters LT Foods, KRBL and Chaman Lal Setia Exports rallied by up to 11 per cent on the BSE in Tuesday's intra-day trade after Iran–Israel ceasefire, announced by US President Donald Trump, raising hopes that the worst of the West Asia conflict is behind. In the past two weeks until Monday, these stocks were down in the range of 9 per cent to 14 per cent on the BSE due to the recent 12-day conflict between Israel and Iran. Rice exports to West Asia West Asia, representing 74 per cent of India's Basmati rice exports, remains a pivotal market. The region's market presents a substantial growth opportunity for Basmati rice, driven by a combination of demographic, economic, and consumer trends. With a population of approximately 280 million and a significant portion of India's Basmati rice exports already directed to the region, the demand is robust, according to LT Foods. India is forecasted to remain the largest rice exporter in 2025, with exports projected at 18 million tonnes, up 1.5 million tonnes from the previous year and accounting for over a third of global rice trade. Track LIVE Stock Market Updates Here Rice stocks rally Among the individual stocks, LT Foods, which owns the flagship rice brand 'Daawat', has surged 11 per cent to ₹448.90 on the back of a three-fold jump in average trading volumes. On Monday, the stock was down 7 per cent after the company disclosed that its fellow subsidiary, Ecopure Specialities, has received a preliminary notice, levying 340 per cent of countervailing duty (CVD) on sales pertaining to the period January-December 23, amounting to ₹50 crore. However, the company said it does not expect a material impact on future earnings, based on the information available to the company to date. LT Foods reported healthy performance in FY25, led by both India and international markets. Going ahead, Motilal Oswal Financial Services expects this momentum to continue, led by improving volumes in the basmati and other speciality rice segment, margin expansion supported by lower input prices and freight normalisation, and an increasing mix of organic and convenience and health segments. LT Foods is a leading Indian-origin global Fast Moving Consumer Goods (FMCG) company in the consumer food space. It is a leading player globally in the specialty rice and rice-based foods business, across India, the US, UK, Europe, the Middle East, the Far East and the Rest of the World. The company's flagship brands include one of India's most loved and consumed Basmati brands, Royal, which is North America's most loved brand and many more. Shares of KRBL soared 9 per cent to ₹362.60 on the BSE. KRBL derives approximately 58 per cent of its basmati export revenue from the West Asia region, with notable growth in Kuwait, Bahrain, and Oman. Shares of Chaman Lal Setia Exports rallied 8 per cent to ₹357.50 on the BSE.
Yahoo
02-06-2025
- Business
- Yahoo
Chaman Lal Setia Exports Ltd (BOM:530307) Q4 2025 Earnings Call Highlights: Navigating Growth ...
Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Chaman Lal Setia Exports Ltd (BOM:530307) reported an 11% increase in revenue, indicating positive growth despite challenging market conditions. The company successfully managed to maintain profitability despite high ocean freight costs and fluctuating rice prices. New infrastructure developments, including three new units in Karnal, are expected to enhance production capacity and revenue. The company has a strong presence in multiple countries, selling in over 80 countries, which diversifies risk and expands market reach. Chaman Lal Setia Exports Ltd (BOM:530307) is actively expanding its customer base and exploring new markets, including potential opportunities in Japan. The company faced significant challenges due to increased transportation costs, which impacted profitability. Rice prices have been volatile, with a noted decrease in prices affecting revenue in certain quarters. The company's gross margins have decreased from 31% to 22% over the last five years, indicating pressure on profitability. There were issues with electricity affecting the efficiency of new plants, currently operating at 60% capacity. The domestic market expansion, particularly for the Maharani brand, has been slower than anticipated, with limited substantial progress. Warning! GuruFocus has detected 3 Warning Signs with BOM:530307. Q: What is the volume growth for this year and quarter, and what is the current inventory volume? A: The sales volume increased by 11-12% this year. The current stock includes over 65,000 tons of rice and 7,600 tons of paddy. (Respondent: Unidentified_1 and Unidentified_4) Q: What are the expectations for volume growth this year, and were there any inventory losses due to higher-priced inventory? A: There were no inventory losses as the inventory was bought at a lower price, and sales were hedged. Prices are now rising, allowing sales at higher prices. (Respondent: Unidentified_1 and Unidentified_4) Q: How have transportation costs impacted profitability and margins? A: Transportation costs have doubled in the last year, impacting profitability. However, this is expected to be a short-term issue as business readjusts. (Respondent: Unidentified_4) Q: What is the status of the new facility at Gandhidham, and what activities are planned there? A: The Gandhidham plant is set to be inaugurated soon. The company follows a flexible model to protect against market fluctuations. (Respondent: Unidentified_4) Q: What is the future guidance for revenue and capacity expansion? A: The company expects to achieve a revenue of 2000 crores with the new plants coming online. Three new units in Karnal are operational, with two running at 60% efficiency. (Respondent: Unidentified_1 and Unidentified_4) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
