Latest news with #Rupees
Mint
14 hours ago
- Business
- Mint
Kellton Tech Solutions share price skyrockets despite choppy trend in stock market today
Kellton Tech Solutions share price rallied as much as 6.22 per cent to ₹ 28.19 in Tuesday's trading session after the company announced that it has successfully implemented stock split. The stock opened at ₹ 28.22 apiece in early morning session on July 29, as compared to ₹ 26.54 on Monday. The multibagger stock has given significant returns to its long-term investors by surging over 575.12 per cent in five years. In an exchange filing dated July 29, the company further informed that the e face value of the equity shares has been revised from ₹ 5 to ₹ 1 each. ' The Sub-division (Split) of the Company's equity shares has now been fully implemented and the effect of the split is already reflected from Monday, July 28, 2025, for both existing and prospective shareholders. Please also note that, pursuant to the split - The face value of the equity shares has been revised from ₹ 5 (Rupees Five) each to ₹ 1 (Rupee One) each,' the company said in the filing on Tuesday. Kellton Tech Solutions announced a stock split in a 1:5 ratio, reducing the face value of each share from ₹ 5 to ₹ 1. The company set July 25, 2025, as the record date to determine eligible shareholders for this share split. '….the company has fixed Friday, July 25, 2025, as the 'Record Date' for determining entitlement of equity shareholders for the purpose of Sub-division(Split) of each equity share of Rs. 5/- (Rupees five only) each, fully paid-up into 5 (five) equity shares of Re. 1/- (Rupee one only) each, fully paid-up,' said the company in an exchange filing. Stock splits are corporate actions aimed at improving liquidity and encouraging greater participation from retail investors by reducing the price of individual shares, without altering the company's total market capitalization. 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 hours ago
- Business
- Business Standard
JK Paper rises as Q1 PAT jumps 7% QoQ to Rs 81 cr
JK Paper rose 2.34% to Rs 359.35 after its consolidated net profit jumped 6.60% to Rs 81.23 crore in Q1 FY26, compared to Rs 76.20 crore posted in Q4 FY25. However, revenue from operations declined by 0.90% quarter-on-quarter (QoQ) to Rs 1,674.16 crore in the quarter ended 30 June 2025. On a year-on-year (YoY) basis, net profit fell 41.86%, while revenue from operations shed 2.30% in Q1 FY26. In Q1 FY26, profit before tax fell by 40.03% year-on-year to Rs 116 crore, as compared to the same quarter in FY25. Total expenses rose 2.19% year on year to Rs 1,583.23 crore in the quarter ended 30 June 2025. The cost of material consumed stood at Rs 149.58 (up 10.37%YoY), finance cost was at Rs 67.14 crore (up 88.64%) during the period under review. Revenue from paper and packaging segment declined 3.91% to Rs 1,641.82 crore in Q1 FY26 as against Rs 1,708.73 crore in Q1 FY25. Revenue from others segment jumped 192.13% to Rs 34.91 crore in Q1 FY26 from Rs 11.95 crore in Q1 FY25. Shri Harsh Pati Singhania, said, the companys core business in paper and paper Board continued to face headwinds from cheap imports resulting in depressed sales realization and ongoing high domestic wood prices. Despite this, JK Paper improved its profits on a sequential basis. The board of directors of JK Paper (JKPL) has approved the acquisition of a majority stake in Borkar Packaging Private (BPPL). Commenting on the acquisition, Shri Harsh Pati Singhania, chairman & managing director, said, The Packaging Conversion business is amongst the fastest growing segments in the Indian Paper and Packaging industry driven by growth in end use industries. The acquisition of BPPL is in line with the long term strategic objective of the Company and gives us an opportunity to offer combined solution to customers with respect to secondary and tertiary packaging. BPPLs customers, employees, vendors and partners will benefit from JK Papers strong knowledge of manufacturing and its high standards in operational excellence, financial management and corporate governance. With this acquisition, JKPL will further strengthen its top leadership position in the corrugated packaging segment and emerge amongst the top three players in the Folding Cartons space. BPPL is engaged in the manufacturing of packaging products such as folding cartons, corrugated boxes, and labels. The company operates seven plants across India and reported revenue of Rs 393.20 crore for the financial year 202324. Furthermore, the companys board approved the proposed issuance of redeemable non-convertible debentures (NCDs) of up to Rs 500 crore (Rupees five hundred crore only), in one or more tranches or series. The funds raised will be utilized for routine capital expenditure, long-term working capital requirements, and general corporate purposes, in compliance with applicable regulations and guidelines. JK Paper is the leading player in office papers, coated papers and Packaging boards. It is one of the most respected paper companies today.
Mint
4 days ago
- Business
- Mint
850% rally in five years! Multibagger penny stock to be in focus on Monday; here's why
Multibagger penny stock: PC Jeweller shares are one of the multibagger stocks the Indian stock market has delivered in recent years. The penny stock priced below ₹ 15 is expected to be in focus on Monday as the company board has approved allotment of warrants through the preferential route on a private placement basis. On Friday, the company board formed about the allotment of these warrants in an exchange filing. The warrants have been allotted to one promoter and eleven non-promoters. The only promoter who has been allotted warrants is Balram Garg (HUF). The jewellery brand informed the Indian stock market exchanges about the move saying, "..... we would like to inform further that the Board of Directors of the Company vide a resolution passed by Circulation on July 25, 2025 has allotted 34,67,82,850 (Thirty Four Crore Sixty Seven Lakh Eighty Two Thousand Eight Hundred Fifty) equity shares of face value of Re 1/- (Rupee One Only) each, on conversion of 3,46,78,285 (Three Crore Forty Six Lakh Seventy Eight Thousand Two Hundred Eighty Five) Warrants, to 12 Allottees belonging to 'Promoter Group' and Non-Promoter, Public Category', after adjusting the number of shares, paid-up value per share and premium per share post sub-division / split of face value of equity shares of the Company from 1 equity share of ₹ 10/- each to 10 equity shares of ₹ 1/- each w.e.f. December 16, 2024, upon receipt of the balance amount aggregating to ₹ 146,16,89,712.75 (Rupees One Hundred Forty Six Crore Sixteen Lakh Eighty Nine Thousand Seven Hundred Twelve and Paise Seventy Five Only) at the rate of ₹ 42.15 (Rupees Forty Two and Paise Fifteen Only) per Warrant (being 75% of the Issue Price per Warrant) pursuant to the exercise of their rights of conversion of Warrants into equity shares in accordance with the provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The newly allotted equity shares shall rank pari-passu with the existing equity shares of the Company." In one month, PC Jeweller's share price has ascended 20 per cent, whereas in the last six months, this penny stock has delivered just 8 per cent returns. In YTD time, this multibagger penny stock has generated zero returns by logging a decline of around 10 per cent. However, in one year, PC Jeweller's share price has ascended 70 per cent, while in the last five years, this multibagger penny stock has risen nearly 850 per cent. The multibagger penny stock is available for trade on both the NSE and the BSE. It ended on Friday with a trade volume of nearly 4.96 crore and a market cap of ₹ 9,567 crore. Its 52-week low is ₹ 8.20 apiece, and its 52-week high is ₹ 19.65 per share on the NSE. 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.
India.com
5 days ago
- India.com
Country that has most expensive water per litre is…, people have to pay Rs…, not China, US, or UAE it is...
Country that has most expensive water per litre is…, people have to pay Rs…, not China, US, or UAE it is… Nestled in the stunning Alpine scenery, Switzerland is one of the most beautiful and picturesque countries in the world. It is famous for its lush green mountains, natural beauty, and cleanliness. Bollywood, especially under the banner of Yash Raj, promoted the country so much that the government in had made his statue in Interlaken. The economy of the country is mostly dependent on tourism. Millions of people visit it every year. Notably, Switzerland is also one of the most expensive countries in the world and has ranked fourth-most expensive country globally. To live in the country, a person has to earn USD 2850 per month. Its high cost of living is dependent on several factors like – salary, high taxes, and a strong economy. As compared to most of the countries, things are a bit costly here. But do you know the cost of a litre of bottled water in Switzerland? It is way more expensive than the number you have guessed. Let's know more. What Is The Cost Of 1 Liter Water Bottle In Switzerland? The cost of 1 liter of mineral water in Switzerland is approx Rs 1,126. There is a reason why a liter of water costs so much there. Actually, not because of its expensiveness but the water purification technology is expensive in Switzerland. Thousands of Rupees are spent every month on water alone. If we compare, the average price of 1 liter of mineral water in India is Rs 20. Likewise, the cost of 100,000 liters of water is around Rs 525. In India, 1 liter of tap water costs less than 1 paisa. Most Expensive European Countries To Visit Switzerland is often listed as one of the costliest destinations in Europe, because of its elevated hotel prices, upscale train journeys such as the Glacier Express, and high-end dining options including Michelin-starred establishments. A meal may cost USD100 in other locations can exceed USD200 in cities like Zurich or Geneva. Its ski and spa resorts also add to the overall luxurious experience. Nevertheless, the stunning Alpine scenery, reliable train services, and clear lakes justify the expense for travelers willing to invest in quality and luxury.
News18
5 days ago
- Business
- News18
SC agrees to modify order with remarks against ex-NTBCL official
New Delhi, Jul 24 (PTI) The Supreme Court on Thursday agreed to modify its order with certain adverse remarks against former senior official of Noida Toll Bridge Company Ltd (NTBCL), a private firm running the Delhi-Noida-Direct (DND) flyway. A bench of Justices Surya Kant and Ujjal Bhuyan said though the remarks against Pradeep Puri, former official of NTBCL, were indirectly made, as he has retired, the court did not want him to face unnecessary trouble. 'The CAG report is very clear and therefore the judgement will remain the same. So we will modify the judgement with respect to remarks against this person," the bench said. Puri moved the top court for deletion of personal remarks against him made in the verdict on the basis of the CAG report's findings. His counsel submitted that CAG did not make any personal comments against him and the paragraph in the verdict, as a result, could be clarified. On May 9, the top court refused to review its decision upholding that Delhi-Noida-Direct (DND) flyway would remain toll free in a respite to lakhs of daily commuters. It dismissed the plea seeking review of the December 20, 2024 verdict on a plea of NTBCL. On December 20, last year, the top court upheld the decision of Allahabad High Court making the DND flyway toll-free and castigated the Noida authority and the Uttar Pradesh and Delhi governments saying the blatant misuse of power and breach of public trust have profoundly shocked its conscience. The top court then dismissed an appeal of NTBCL against the 2016 decision of the high court order asking it to stop collecting toll from commuters. 'NTBCL has recovered the project costs and substantial profits, eliminating any justification for the continued imposition or collection of user fees or tolls," it said. The top court observed Noida overstepped its authority by delegating the power to levy fees to NTBCL through the concession agreement and regulations, exceeding the scope of its powers. If a governmental action disproportionately favours a private entity at the expense of public welfare, it is liable to be struck down as invalid, it added. Holding no person or entity could be allowed to make an undue and unjust profit from public property, at the cost of the public at large, the apex court referred to the CAG report which stated that the annual toll income of NTBCL during 2001-2016 was Rs 892.51 crore. 'NTBCL has been making profits for the last 11 years; has no accumulated losses as of March 31, 2016; has paid dividends of Rupees 243.07 crores till March 31, 2016 to its shareholders; and repaid all its debt with interest. NTBCL had thus, by March 31, 2016, recovered the project costs, the maintenance costs, and a significant profit on its initial investment. There is no rhyme or reason for the collection of user fees/tolls to continue," the court said. PTI MNL MNL AMK AMK view comments First Published: July 24, 2025, 21:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
