Latest news with #Nesco
Time of India
2 days ago
- Business
- Time of India
Parag Parikh Flexi Cap Fund adds Bharti Airtel and Nesco to its portfolio in May
Parag Parikh Flexi Cap Fund, the largest flexi cap fund by assets under management, added two new stocks to its portfolio in May — Bharti Airtel and Nesco. The fund purchased around 1.17 crore shares of Bharti Airtel and 89,469 shares of Nesco during the month. The fund did not exit any stock in the same period. It increased its exposure in eight stocks, including Zydus Lifesciences , Power Grid Corporation of India , Mahindra & Mahindra, ITC, HDFC Bank , EID Parry India , Coal India , and Cipla. Also Read | Quant Small Cap Fund increases stake in Jio Financial Services, NCC and reduces in Aadhar Housing Finance Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Around 1.52 crore shares of Power Grid Corporation of India were added to the portfolio, taking the total holding to 20.88 crore shares in May, up from 19.36 crore in April. The fund also added 73.57 lakh shares of Coal India, followed by 39.99 lakh shares of ITC during the same period. The total number of Mahindra & Mahindra shares in the portfolio rose to 1.22 crore in May from 1.10 crore in April, with 11.91 lakh shares added. Additionally, 8.87 lakh shares of Cipla and 4.80 lakh shares of HDFC Bank were added during the month. Live Events The fund also included 3.22 lakh shares of Zydus Lifesciences and 2.54 lakh shares of EID Parry India in its portfolio in May. Exposure in 14 stocks remained unchanged, including Axis Bank, Bajaj Holdings & Investment, Central Depository Services (India), ICICI Bank , ICRA, Indian Energy Exchange , Infosys, Maharashtra Scooters , Kotak Mahindra Bank , Maruti Suzuki India , Swaraj Engines , and Multi Commodity Exchange of India. The fund held 28 stocks in its portfolio in May, up from 26 in April. Its assets under management (AUM) stood at Rs 1.03 lakh crore in May, compared to Rs 98,541.28 crore as of April 30, 2025. Also Read | Parag Parikh Flexicap Fund crosses Rs 1 lakh crore AUM: Neil Parikh Launched on May 24, 2013, the scheme is managed by Rajeev Thakkar, Raunak Onkar, Raj Mehta, Rukun Tarachandani, and Mansi Kariya. It is benchmarked against the NIFTY 500 (TRI), and the minimum investment amount for new purchases, additional purchases, and monthly SIPs is Rs 1,000. Last month, the Chairman and CEO of PPFAS Mutual Fund , Neil Parikh, announced on social media that the Parag Parikh Flexi Cap Fund had crossed Rs 1 lakh crore in assets under management (AUM). Parikh called it the first actively managed scheme in India to reach this milestone. He wrote on social media platform X, 'I don't normally talk about AUM or have any AUM-based targets in our organization, but today is special… PPFAS Flexi Cap crossed Rs 1 lakh crore AUM today. I believe it is the first actively managed scheme to do so in India.'
Business Standard
17-05-2025
- Business
- Business Standard
Nesco Q4 PAT slides 16% YoY to Rs 89 cr; recommends final dividend of Rs 6.5/ share
Nesco reported 15.70% fall in consolidated net profit to Rs 88.61 crore in Q4 FY25 as against Rs 105.12 crore posted in Q4 FY24. Revenue from operations rose 1.60% YoY to Rs 192.01 crore in the quarter ended 31 March 2025. On the segmental front, during the quarter, revenue from Realty jumped 15.98% YoY to Rs 95.03 crore; revenue from the Bombay Exhibition Center dropped 25.50% YoY to Rs 46.76 crore; revenue from Indabrator fell 20.65% YoY to Rs 12.10 crore and revenue from Foods surged 31.35% YoY to Rs 38.12 crore. Profit before tax slipped 17.78% YoY to Rs 111.82 crore in Q4 FY25. On full year basis, the company's consolidated net profit grew by 3.42% to Rs 375.21crore on 7.93% increase in revenue from operations to Rs 732.01 crore in FY25 over FY24. Meanwhile, the companys board has recommended a final dividend of Rs 6.50 per share for the financial year ended 31 March 2025, subject to shareholder approval at the upcoming 66th Annual General Meeting. The record date for determining entitlement to the dividend and for AGM purposes is fixed as Wednesday, 23 July 2025. If approved, the dividend will be paid on or before Wednesday, 20 August 2025. NESCO is mainly engaged in licensing premises in IT park buildings and providing related services, licensing premises for exhibitions and providing services to the organisers, manufacturing of machines and capital equipment, and hospitality and catering services.
