Latest news with #GRMOverseas
Business Standard
6 days ago
- Business
- Business Standard
GRM Overseas consolidated net profit rises 5.94% in the June 2025 quarter
Sales decline 11.70% to Rs 326.78 croreNet profit of GRM Overseas rose 5.94% to Rs 19.09 crore in the quarter ended June 2025 as against Rs 18.02 crore during the previous quarter ended June 2024. Sales declined 11.70% to Rs 326.78 crore in the quarter ended June 2025 as against Rs 370.08 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% -12 OPM %7.336.33 -PBDT26.1925.08 4 PBT25.3824.35 4 NP19.0918.02 6 Powered by Capital Market - Live News
India.com
6 days ago
- Business
- India.com
This company to consider issuance of bonus shares, stock in action
25 महीने में करोड़पति बन गए निवेशक Shares of basmati rice exporter GRM Overseas are performing well amid the buzz around the issue of bonus shares. The FMCG stock opened with a gain of Rs 2.15 against today from previous close of Rs 365.85 on the BSE. The stock started trading at Rs 368 and touched the intraday high of Rs 382.45, representing a gain of 4.51 per cent from the previous day's closing price. In between, it touched a low of Rs 367.05. The stock's performance also comes amid a significant increase in trading volume by more than 1.37 times. On the NSE, the stock began today's trading session at Rs 366.25. The intraday high and low of the stock while writing the report were Rs 382 and 366.25, respectively. Bonus Share Buzz Meanwhile, the company has demonstrated its commitment to transparency by informing exchanges that its board will meet on August 20, 2025, to consider and approve the proposal for the issue of bonus shares. In view of this, the trading window for dealing in securities will remain closed for all the designated persons from August 13, 2025, to August 22, 2025. 'The Board of Directors of the Company is schedule to be held is scheduled to be held on Wednesday, the 20th Day of August, 2025 at the Corporate Office and Works of the Company situated at Village Naultha, Tehsil Israna, Panipat, Haryana- 132145, to inter-alia consider and approve the proposal for issue of bonus shares, subject to pre requisite approvals,' the company said in an exchange filing.
Mint
6 days ago
- Business
- Mint
FMCG stock GRM Overseas jumps 4% after bonus shares move. Do you own?
GRM Overseas share price jumped over 4% on Wednesday led by strong buying interest. The smallcap stock rallied as much as 4.53% to ₹ 382.45 apiece on the BSE. The rally in GRM Overseas shares came after the company announced the date of its board meeting to consider the issue of bonus shares. The FMCG company said that the meeting of its Board of Directors is scheduled to be held on Wednesday, the 20 August, 2025, to inter-alia consider and approve the proposal for issue of bonus shares, subject to pre requisite approvals. GRM Overseas shares had earlier undergone a stock split in the ratio of 1:5 on November 11, 2025. GRM Overseas reported a net profit of ₹ 19.1 crore in the first quarter of FY26, registering a growth of 6.11% from ₹ 18 crore in the same quarter of previous fiscal year. The company's revenue in Q1FY26 fell 10.9% to ₹ 334.4 crore from ₹ 375.3 crore, year-on-year (YoY). At the operational level, earnings before interest, tax, depreciation and amortization (EBITDA) during the June quarter increased 10.4% to ₹ 31.6 crore from ₹ 28.6 crore, YoY. EBITDA margin improved by 190 basis points (bps) to 9.5% from 7.6%, YoY. 'We have reported a positive performance in terms of margins and profitability, despite facing some short-term hiccups in the topline with respect to global geopolitical issues. We remain focussed on expanding our product portfolio, supported by strengthening our brand visibility and deepening distribution network,' said Atul Garg, Managing Director, GRM Overseas. GRM Overseas share price has remained flat over the past month but has rallied 29% in the last three months. The small-cap stock has surged 58% in six months and advanced 90% on a year-to-date (YTD) basis. Over the past year, the stock has gained 61%, while delivering a 120% return over two years. The FMCG stock has generated multibagger returns of 1,460% over five years and an exceptional 9,000% over the past decade. At 12:00 PM, GRM Overseas share price was trading 3.39% higher at ₹ 378.25 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
20-06-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 20 June 2025
Breakout stocks buy or sell: Indian stock market indices, Sensex and Nifty 50, closed slightly lower on Thursday, June 19, amid fragile investor sentiment due to rising tensions between Israel and Iran. The Sensex declined by 83 points, or 0.10 per cent, to close at 81,361.87, while the Nifty 50 slipped 19 points, or 0.08 per cent, ending the session at 24,793.25. Meanwhile, mid-cap and small-cap stocks witnessed significant declines. Sumeet Bagadia, Executive Director at Choice Broking, believes that despite uncertainty caused by the Israel-Iran war, the Indian stock market sentiment continues to remain cautious as the Nifty 50 index once again bounced back after coming close to 24,750 to 24,800 levels. Speaking on the outlook of Indian stock market, Bagadia said, ' The benchmark index has made crucial support at 24,500, while the 50-stock index has crucial resistance ar 25,200. Bullish or bearish trend could be assumed on the breakage of either side of these two important levels. 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 shares to buy today — Swiggy, Aban Offshore Ltd Fully Paid Ord. Shrs, GRM Overseas, Gallantt Ispat, and Sumitomo Chemical India. 1] Swiggy: Buy at ₹ 374.15, target ₹ 401, stop loss ₹ 361; 2] Aban Offshore Ltd Fully Paid Ord. Shrs: Buy at ₹ 59.29, target ₹ 64, stop loss ₹ 57.21; 3] GRM Overseas: Buy at ₹ 372.25, target ₹ 400, stop loss ₹ 359; 4] Gallantt Ispat: Buy at ₹ 470.60, target ₹ 504, stop loss ₹ 454; 5] Sumitomo Chemical India: Buy at ₹ 502.25, target ₹ 537, stop loss ₹ 484. 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.
Business Standard
16-06-2025
- Business
- Business Standard
GRM Overseas jumps 26% in eight days
GRM Overseas rallied 5.35% to Rs 361.50, extending gains for the eighth consecutive trading session. Shares of GRM Overseas surged 25.63% in eight trading sessions from its recent closing low of Rs 287.75 on 4 June 2025. The stock hit a 52-week high of Rs 363.45 today. The counter has soared 112.46% from its 52-week low of Rs 170.15, hit on 14 June 2024. On the BSE, 0.41 lakh shares have been traded so far, compared with average daily volumes of 0.38 lakh shares in the past two weeks. The stock had outperformed the market over the past month, rising 18.93% as against the Sensex's 0.68% shed. The scrip had outperformed the market in the past three months, jumping 32.05% as against a 10.76% rise in Sensex. The counter had also outperformed the market in the past year, soaring 110.79% as against Sensex's 6.21% increase. On the technical front, the stock's daily RSI (relative strength index) stood at 73.597. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50-day, 100-day, and 200-day simple moving average (SMA), placed at 308.95, 274.08, and 249.27, respectively. These levels will act as crucial support zones in the near term. GRM Overseas is in the business of milling, processing, and marketing branded/nonbranded basmati rice in the domestic and overseas markets. The company's consolidated net profit declined 3.3% to Rs 20.48 crore on a 28.2% drop in net sales to Rs 291.39 crore in Q4 FY25 over Q4 FY24.
