Latest news with #ChoiceInternational
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Business Standard
5 days ago
- Business
- Business Standard
Choice Int'l arm secures Rs 63.47 cr govt projects in Maharashtra, Odisha
Choice Consultancy Services, an arm of Choice International, on Thursday said it has secured project management contracts worth Rs 63.47 crore across Maharashtra and Odisha. The company has been awarded a Rs 52.80 crore work order from the Maharashtra Institution for Transformation (MITRA) under the World Bank-backed MahaSTRIDE programme to set up District Strategic Units in Chhatrapati Sambhajinagar Division, the company said in a statement. In Odisha, the firm emerged as the top-ranked bidder for a Rs 10.67 crore project floated by the State Urban Development Agency to provide engineering consultancy in 58 urban local bodies, it added. "These project wins further validate our strategic direction and reinforce our positioning as a trusted execution partner in high-value public sector initiatives," Choice International's CEO and Executive Director, Arun Poddar, said.
Business Standard
5 days ago
- Business
- Business Standard
Choice Intl's arm bags Rs 63.43 cr projects from Maharashtra and Odisha Governments
Choice International announced that its wholly owned subsidiary, Choice Consultancy Services, has secured two significant project development contracts worth approximately Rs 63.47 crore (inclusive of GST). The projects have been awarded by the State Governments of Maharashtra and Odisha. These contracts mark a significant step in expanding the company's footprint in the public sector transformation and infrastructure planning sectors across India. The company has been awarded a prestigious work order worth Rs 52.80 crores by the Maharashtra Institution for Transformation (MITRA), part of the Government of Maharashtra. This assignment is a crucial part of the World Bank-supported MahaSTRIDE Program aimed at enhancing institutional capabilities at the district level across the Chhatrapati Sambhajinagar Division. The engagement spans a period of five years and focuses on driving data-backed, growth-oriented decision-making. The project is aligned with Indias vision of a $5 trillion economy and Maharashtras goal of achieving a $1 trillion economy. The District Strategic Units (DSUs) established under this initiative will play a pivotal role in supporting these economic goals. Additionally, Choice Consultancy Services has emerged as the H1 (highest-ranked) bidder for the project titled Providing Engineering Consultancy Services in 58 Urban Local Bodies of Odisha State. The project, floated by the State Urban Development Agency (SUDA) under the Housing and Urban Development Department, Government of Odisha, aims to enhance urban infrastructure planning and technical capacity to manage rapid urbanization across the state. With a proposed value of Rs 10.67 crores, this engagement is expected to span two years, pending the final confirmation of the work order. The companys involvement in these initiatives directly aligns with the Government of Indias vision to modernize institutions, expand digital access, and promote inclusive economic growth. By contributing to these transformative programs, the company solidifies its position as a trusted partner in executing high-impact public development strategies across the nation, it added. Arun Poddar, CEO of Choice International, said: "We are proud to deepen our engagement with public sector partners through these important assignments. Our commitment to advancing Institutional capabilities and urban infrastructure is unwavering, and we remain focused on delivering impact-driven, technology-enabled solutions that empower communities and contribute to Indias long-term growth. These project wins further validate our strategic direction and reinforce our positioning as a trusted execution partner in high-value public sector initiatives." Headquartered in Mumbai, Choice Group is a decade old organization, engaged in providing diversified services on finance, engineering and consulting activities. It has its membership and registration with SEBI, RBI, NSE, BSE, MCX, NCDEX, AMFI and depository participant with CDSL & NSDL. The companys consolidated net profit jumped 35.85% to Rs 53.51 crore on 17.93% increase in revenue from operations to Rs 253 crore in Q4 FY25 over Q4 FY24. The scrip shed 0.11% to Rs 7.05.10 on the BSE.
Economic Times
6 days ago
- Business
- Economic Times
Choice International block deal: BNP Paribas sells shares worth Rs 78 crore in multibagger stock
French multinational bank and financial services company BNP Paribas on Wednesday sold 11 lakh shares in Choice International via a block deal which were worth Rs 78 crore while Societe Generale bought nearly as many shares. ADVERTISEMENT The shares of Choice International were bought and sold at a price of Rs 705.20 a piece which were on par with the Tuesday closing price. Today, the smallcap stock closed at Rs 704.55 on the NSE, down by Rs 0.65 or 0.09%. Prior to the block deal, BNP Paribas held 40,01,631 equity shares, representing 2% in the company as on March 31, 2025. The stock's market capitalisation is Rs 14,093 crore on the International is a diversified financial services company listed on both the NSE and BSE. Incorporated in 1992 and headquartered in Mumbai, the company operates across multiple segments, including broking and distribution, non-banking financial company (NBFC) services, and advisory of Choice International are trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 604 and Rs 524 crore, respectively. The stock has been quite volatile and traded with a 1-year beta of 1.2 according to Trendlyne. ADVERTISEMENT Choice International is a multibagger stock with returns of 112% over the past one year while its year-to-date returns stand at 27%. It has outperformed Nifty whose returns in the same periods stand at 12% and 4%, company reported a consolidated net profit of Rs 54 crore in the quarter ended March 31, 2025 versus Rs 39 crore in the year ago period which is a 36% jump. As for the revenue, an 18% uptick was seen as the company reported a topline of Rs 255 crore in Q4FY25 versus Rs 216 crore in the corresponding quarter of the previous financial year. ADVERTISEMENT Also Read: Ola Electric block deal: Citigroup buys shares worth Rs 435 crore; Hyundai Motor, KIA sellers (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
6 days ago
- Business
- Time of India
Choice International block deal: BNP Paribas sells shares worth Rs 78 crore in multibagger stock
Choice International share price: BNP Paribas offloaded 11 lakh shares of Choice International worth ₹78 crore in a block deal, with Societe Generale also selling nearly the same amount. Despite the sale, the stock remained steady, backed by strong fundamentals and solid FY25 earnings. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads French multinational bank and financial services company BNP Paribas on Wednesday sold 11 lakh shares in Choice International via a block deal which were worth Rs 78 crore while Societe Generale bought nearly as many shares of Choice International were bought and sold at a price of Rs 705.20 a piece which were on par with the Tuesday closing price. Today, the smallcap stock closed at Rs 704.55 on the NSE, down by Rs 0.65 or 0.09%.Prior to the block deal, BNP Paribas held 40,01,631 equity shares, representing 2% in the company as on March 31, stock's market capitalisation is Rs 14,093 crore on the International is a diversified financial services company listed on both the NSE and BSE. Incorporated in 1992 and headquartered in Mumbai, the company operates across multiple segments, including broking and distribution, non-banking financial company (NBFC) services, and advisory of Choice International are trading above their 50-day and 200-day simple moving averages (SMAs) of Rs 604 and Rs 524 crore, respectively. The stock has been quite volatile and traded with a 1-year beta of 1.2 according to International is a multibagger stock with returns of 112% over the past one year while its year-to-date returns stand at 27%. It has outperformed Nifty whose returns in the same periods stand at 12% and 4%, company reported a consolidated net profit of Rs 54 crore in the quarter ended March 31, 2025 versus Rs 39 crore in the year ago period which is a 36% jump. As for the revenue, an 18% uptick was seen as the company reported a topline of Rs 255 crore in Q4FY25 versus Rs 216 crore in the corresponding quarter of the previous financial Read: Ola Electric block deal: Citigroup buys shares worth Rs 435 crore; Hyundai Motor, KIA sellers
Time of India
6 days ago
- Business
- Time of India
TPG trims stake in Tata Technologies with Rs 638 crore share sale; BNP Paribas exits part of Choice International holding
Private equity major TPG on Wednesday pared its stake in Tata Technologies by 2.1 per cent, selling shares worth Rs 638 crore through an open market transaction. According to bulk deal data on the BSE, TPG Rise Climate SF, an affiliate of the U.S.-based investment firm, sold 85.16 lakh shares in Tata Technologies at an average price of Rs 749.10 apiece. The transaction amounts to Rs 637.97 crore, PTI reported. Following this sale, TPG Rise Climate SF's stake in Tata Technologies decreased from 6.01 per cent to 3.91 per cent. The identity of the buyers could not be immediately confirmed. Shares of Tata Technologies, which offers engineering and product development digital services, declined 1.02 per cent to close at Rs 759.65 on the BSE. This marks TPG's third divestment in Tata Technologies in the past year. In April, the firm sold a 3.9 per cent stake for Rs 1,068 crore, and in August last year, it offloaded 3 per cent for Rs 1,230 crore. In a separate BSE block deal on Wednesday, Societe Generale, based in Paris, acquired 11 lakh shares (0.55 per cent) of Choice International for approximately Rs 77 crore, at an average price of Rs 705.2 per share. The seller in this transaction was BNP Paribas' investment arm, which offloaded the exact number of shares at the same price. BNP Paribas' holding in Choice International declined from 2 per cent to 1.45 per cent post-sale. Shares of Choice International ended 0.07 per cent higher at Rs 705.85 apiece. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
