Latest news with #GravitaIndia
Time of India
23-05-2025
- Business
- Time of India
Gravita India promoter pares 3.4% stake for Rs 498 crore
A promoter of Gravita India on Friday divested a 3.4 per cent stake in the company for Rs 498 crore through an open market transaction. According to the bulk deal data available on the NSE, Rajat Agarwal offloaded 25 lakh shares, representing a 3.38 per cent stake in Gravita India. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A promoter of Gravita India on Friday divested a 3.4 per cent stake in the company for Rs 498 crore through an open market transaction . According to the bulk deal data available on the NSE, Rajat Agarwal offloaded 25 lakh shares , representing a 3.38 per cent stake in Gravita shares were sold at an average price of Rs 1,991.52 apiece, taking the transaction value to Rs 497.88 the latest transaction, Rajat Agarwal's holding in Gravita India slipped to 32.39 per cent from 35.77 per Motilal Oswal Asset Management Co picked up 7.33 lakh shares at an average price of Rs 1,991 per piece. This took the deal value to Rs 145.98 of the other buyers of Gravita India's shares could not be identified on the National Stock Exchange (NSE).On Friday, shares of Gravita India depreciated 4.55 per cent to close at Rs 1,954 apiece on the May 2023, Gravita India promoter Rajat Agarwal sold a 4.6 per cent stake in the company for Rs 181 a separate bulk deal on the NSE, Nippon India Mutual Fund purchased 19.5 lakh shares or 0.82 per cent stake in the Ramco Cements for Rs 195.98 shares were picked up at an average price of Rs 1,005.03 apiece on the of the sellers of the Ramco Cement's shares could not be ascertained on the scrip of the Ramco Cements rose 1.50 per cent to close at Rs 1,002.65 apiece on the NSE.
Time of India
13-05-2025
- Business
- Time of India
Metals Sector: A Promising Upsurge Amid Global Trade Thaw
Sector Performance and Outlook Metals have recently emerged as a significant beneficiary of the thaw in global trade, particularly following the ceasefire agreement between the US and China. This agreement has led to a surge in metals stocks, reflecting a positive sentiment in the market. The sector has shown resilience, bouncing back from a challenging year, and is now positioned for a promising trajectory as demand improves and supply chain bottlenecks ease. The sector's outlook remains positive, with analysts noting a shift from risk aversion to a growth-oriented mindset. This change is expected to bolster investments in domestic infrastructure projects and enhance international market access for metals companies. The potential for growth is underscored by the sector's upside potential, which ranges from 13% to 29%, indicating a robust opportunity for investors. As the global economy stabilizes, the metals sector is likely to capitalize on renewed foreign portfolio investments. The combination of improved demand and favorable trade agreements positions the sector as a long-term play for investors looking to benefit from the ongoing recovery in global markets. Top Companies Analysts Recommend Based on Upside Potential Company Name Current Price Recommendation Upside Potential Target Price Gravita India Rs. 1892.6 Strong Buy 29% Rs. 2440.00 National Aluminium Co Rs. 168.91 Buy 29% Rs. 218.00 Hindalco Industries Rs. 638.6 Buy 13% Rs. 736.00 Gravita India Gravita India is a global recycling company specializing in lead and aluminum processing, along with plastic manufacturing. The company operates multiple recycling facilities across India and several countries in Africa and Europe, focusing on sustainable practices in metal recovery. Live Events Analysts have rated Gravita India as a Strong Buy, with a target price of Rs. 2440.00, indicating an upside potential of 29%. The company has demonstrated impressive financial performance, with a year-on-year PAT growth of 37.91% and a sales growth of 22.4%. Over the past year, Gravita India has achieved a remarkable return of 108.38%, showcasing its strong market position and growth trajectory. Hindalco Industries Hindalco Industries is a leading player in the metals sector, primarily engaged in the manufacturing and distribution of aluminum and copper products. The company operates through various segments, including Novelis, Aluminium Upstream, Aluminium Downstream, and Copper, catering to a global market. With a stock score of 10, Hindalco is recommended as a Buy, with a target price of Rs. 736.00, reflecting an upside potential of 13%. Despite facing a slight decline in sales growth, the company has shown a remarkable PAT growth of 60.23% year-on-year. Hindalco's diversified operations and strong brand presence position it well for future growth, although it has experienced a modest return of 0.62% over the past year. National Aluminium National Aluminium Company is an integrated player in the bauxite-alumina-aluminum-power complex, with operations spanning bauxite mining, alumina refining, and aluminum smelting. The company is committed to sustainable practices and has a strong focus on renewable energy through its wind and solar power initiatives. Analysts recommend National Aluminium as a Buy, with a target price of Rs. 218.00, indicating a significant upside potential of 29%. The company has reported an impressive PAT growth of 232.83% year-on-year, despite a slight decline in sales. National Aluminium's strategic positioning and commitment to sustainability make it a compelling choice for investors looking to capitalize on the sector's growth.
Economic Times
13-05-2025
- Business
- Economic Times
Metals Sector: A Promising Upsurge Amid Global Trade Thaw
The metals sector is witnessing a positive shift, driven by improved global demand and easing supply chain issues. Companies like Gravita India and National Aluminium Co are positioned for significant upside potential, making them attractive investment opportunities. Sector Performance and Outlook Tired of too many ads? Remove Ads Top Companies Analysts Recommend Based on Upside Potential Company Name Current Price Recommendation Upside Potential Target Price Gravita India Rs. 1892.6 Strong Buy 29% Rs. 2440.00 National Aluminium Co Rs. 168.91 Buy 29% Rs. 218.00 Hindalco Industries Rs. 638.6 Buy 13% Rs. 736.00 Tired of too many ads? Remove Ads National Aluminium Metals have recently emerged as a significant beneficiary of the thaw in global trade, particularly following the ceasefire agreement between the US and China. This agreement has led to a surge in metals stocks, reflecting a positive sentiment in the market. The sector has shown resilience, bouncing back from a challenging year, and is now positioned for a promising trajectory as demand improves and supply chain bottlenecks sector's outlook remains positive, with analysts noting a shift from risk aversion to a growth-oriented mindset. This change is expected to bolster investments in domestic infrastructure projects and enhance international market access for metals companies. The potential for growth is underscored by the sector's upside potential, which ranges from 13% to 29%, indicating a robust opportunity for the global economy stabilizes, the metals sector is likely to capitalize on renewed foreign portfolio investments. The combination of improved demand and favorable trade agreements positions the sector as a long-term play for investors looking to benefit from the ongoing recovery in global India is a global recycling company specializing in lead and aluminum processing, along with plastic manufacturing. The company operates multiple recycling facilities across India and several countries in Africa and Europe, focusing on sustainable practices in metal have rated Gravita India as a Strong Buy, with a target price of Rs. 2440.00, indicating an upside potential of 29%. The company has demonstrated impressive financial performance, with a year-on-year PAT growth of 37.91% and a sales growth of 22.4%. Over the past year, Gravita India has achieved a remarkable return of 108.38%, showcasing its strong market position and growth Industries is a leading player in the metals sector, primarily engaged in the manufacturing and distribution of aluminum and copper products. The company operates through various segments, including Novelis, Aluminium Upstream, Aluminium Downstream, and Copper, catering to a global a stock score of 10, Hindalco is recommended as a Buy, with a target price of Rs. 736.00, reflecting an upside potential of 13%. Despite facing a slight decline in sales growth, the company has shown a remarkable PAT growth of 60.23% year-on-year. Hindalco's diversified operations and strong brand presence position it well for future growth, although it has experienced a modest return of 0.62% over the past year. National Aluminium Company is an integrated player in the bauxite-alumina-aluminum-power complex, with operations spanning bauxite mining, alumina refining, and aluminum smelting. The company is committed to sustainable practices and has a strong focus on renewable energy through its wind and solar power recommend National Aluminium as a Buy, with a target price of Rs. 218.00, indicating a significant upside potential of 29%. The company has reported an impressive PAT growth of 232.83% year-on-year, despite a slight decline in sales. National Aluminium's strategic positioning and commitment to sustainability make it a compelling choice for investors looking to capitalize on the sector's growth.
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Business Standard
07-05-2025
- Business
- Business Standard
Last day alert! Oracle Financial Services, 3 others to go ex-date on May 8
Shares of Oracle Financial Services Software and Gravita India are expected to remain in the spotlight during today's trading session following the announcement of various corporate actions. Among these, Oracle Financial Services Software and Gravita India have announced dividend rewards for their respective shareholders, while Trans India House Impex has announced a rights issue, and Rajasthan Tube Manufacturing Company has decided to split its stock (stock split/subdivision). According to BSE data, shares of all these companies will trade ex-date tomorrow, Thursday, April 8, 2025. The ex-date refers to the date when a stock begins trading without the entitlement to dividends, rights issues, or stock splits. This means that on or after this date, the dividend, subdivision (stock split), or rights issue will not be available to new buyers of the stock. To qualify for these corporate actions, investors must own the stock before the ex-date. The companies will determine the beneficiaries based on the list of investors recorded at the end of the record date. Oracle Financial Services Software and Gravita India have announced interim dividends of ₹265 and ₹4.20 per share, respectively. Both companies have set May 8 as the record date to determine shareholder eligibility for the respective corporate actions. Company Ex-date Purpose Record Date Gravita India May 8, 2025 Interim Dividend - ₹ - 6.35 May 8, 2025 Oracle Financial Services Software May 8, 2025 Interim Dividend - ₹ - 265 May 8, 2025 Rajasthan Tube Manufacturing Company May 8, 2025 Stock Split From ₹10/- to ₹1/- May 8, 2025 Trans India House Impex May 8, 2025 Right Issue of Equity Shares May 8, 2025 Meanwhile, Rajasthan Tube Manufacturing Company has announced a split/subdivision of its existing equity shares. One equity share with a face value of ₹10 each, fully paid-up, will be subdivided into 10 equity shares with a face value of ₹1 each, fully paid-up. The company has set May 8 as the record date for this purpose. Notably, the company is currently under Enhanced Surveillance Measure (ESM: Stage 2) on the BSE. Trans India House Impex has announced a rights issue of up to 3,55,26,000 fully paid-up equity shares with a face value of ₹10 each, aggregating up to ₹49.38 crore at an issue price of ₹13.90 per rights equity share (including a premium of ₹3.90 per share). The company has set the rights entitlement ratio at 1 rights equity share of ₹10 each for every 1 equity share of ₹10 each held by eligible equity shareholders as on the record date, with the right to renounce. The record date for the rights issue is May 8, 2025, to determine shareholders entitled to receive the rights entitlement.
Business Upturn
05-05-2025
- Business
- Business Upturn
Why are Gravita share price up nearly 9% today? Explained
By Aditya Bhagchandani Published on May 5, 2025, 09:29 IST Shares of Gravita India surged 8.63% to ₹1,967.90 on Monday morning after the company reported a strong set of earnings for the quarter ended March 31, 2025. The stock gained ₹156.40 from its previous close of ₹1,811.50, with investor sentiment boosted by solid growth across all key metrics. Gravita India posted a consolidated profit after tax (PAT) of ₹95 crore in Q4FY25, marking a 37% year-on-year (YoY) increase from ₹69.4 crore in the same quarter last year. The company's revenue from operations also rose 20.1% to ₹1,037 crore, led by robust demand across its lead, aluminum, and plastic recycling segments. Earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at ₹92 crore, up 27.4% YoY, with EBITDA margin improving to 8.9% from 8.4%, driven by higher volumes and a rising share of value-added products. The company also announced that it has raised ₹1,000 crore via Qualified Institutional Placement (QIP) to support its expansion and debt repayment plans. Additionally, the board declared an interim dividend of ₹6.35 per share for FY25-26, with a record date set for May 8, 2025. CEO Yogesh Malhotra said Gravita achieved record revenue, EBITDA, and PAT in FY25, and is well-positioned to realize its Vision 2029 roadmap focusing on scale, diversification, and sustainability. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
