Latest news with #VijayKedia
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Business Standard
3 days ago
- Business
- Business Standard
Vijay Kedia portfolio stock soars 12% in subdued market. Do you own?
Shares of Sudarshan Chemical hit a new high of ₹1,395.20, soaring 12% on the BSE in Monday's intra-day trade and bouncing back 75% from its 52-week low price of ₹795.75 touched on March 3, 2025. Share price of Sudarshan Chemical Industries today Shares of Sudarshan Chemical Industries hit a new high of ₹1,395.20, soaring 12 per cent on the BSE in Monday's intra-day trade in an otherwise weak market. The stock price of the smallcap dyes and pigments company surpassed its previous high of ₹1,313.95 hit on July 2, 2025. It has zoomed 75 per cent from its 52-week low of ₹795.75 touched on March 3, 2025. At 11:44 AM; Sudarshan Chemical Industries was trading 11 per cent higher at ₹1,391.95, as compared to 0.23 per cent decline in the BSE Sensex. A combined 2.1 million equity shares changed hands on the NSE and BSE. Vijay Kishanlal Kedia held over 1% stake in Sudarshan Chemical Industries Ace investor Vijay Kishanlal Kedia held 1 million equity shares or 1.27 per cent stake in Sudarshan Chemical Industries at the end of June 30, 2025 quarter, the shareholding pattern data shows. Besides Vijay Kedia, Akash Bhanshali (7.13 per cent), Anuj Narayandas Rathi (6.93 per cent), Vijaykumar Ramchandra Rathi (2.66 per cent stake), Rohit Kishor Rathi (2.62 per cent) and Lata Bhanshali (1.46 per cent) hold more than 1 per cent stake in Sudarshan Chemical Industries, data shows. Q4FY25 results - Sudarshan Chemical Industries For the January to March 2025 quarter (Q4FY25), Sudarshan Chemical Industries reported revenues of ₹1,349 crore, up 78 per cent year-on-year (YoY) driven by Heubach acquisition. The company reported profit before exceptional items of ₹69.34 crore, against ₹78.02 crore in a year ago quarter and of ₹ 35.52 crore in December 2024 quarter. The numbers are not comparable as base adjustment is yet to take place. Financial results including financial ratios for the quarter and year ended March 31, 2025 include the impact of the above transaction w.e.f. March 3, 2025 and are thus not comparable with corresponding previous periods, the company said in note of accounts. Sudarshan Chemical Industries in an exchange filing said, the company host a conference call for analysts and investors on Tuesday, 29th July, 2025 at 12:00 pm (IST), following the announcement of the audited financial results (stand-alone and consolidated) for the quarter and year ended March 31, 2025. Reasons for delay in Q4 results Sudarshan Chemical Industries entered into a definitive agreement on October 11, 2024, through its wholly-owned subsidiary Sudarshan Europe B.V., the Netherlands (SEBV), to acquire the Global Pigment Business Operations of the Heubach Group of Germany (Heubach Group) on a debt-free basis for a total consideration of EURO 127.5 million (approximately ₹1,180 crore). Pursuant to the acquisition, the company has acquired and taken control of 50 direct and step-down subsidiaries and 17 manufacturing sites from Heubach Group across various geographies across the globe. The company is required to submit audited financial results for FY 2024-25, including the newly acquired subsidiaries, by May 30, 2025. However, because of the insolvency impact, extensive financial reporting integration, complexities involved in business combination accounting, the company said it would not be able to meet the deadline. The acquisition will help Sudharshan emerge as a leading global pigment company with a presence across 19 countries, as well as 17 manufacturing facilities in 11 countries. The Heubach group is the second largest player in the global pigment sector and is estimated to have reported revenues of close to around EURO 800 million.
Economic Times
3 days ago
- Automotive
- Economic Times
Vijay Kedia portfolio takes a Rs 71 crore hit on Atul Auto this year — What to do ahead of Q1 results?
Vijay Kedia's portfolio, valued at over Rs 1,200 crore, has taken a Rs 71 crore knock from Atul Auto so far this year. The stock has been on a prolonged losing streak, falling over 20% year-to-date, and market experts see further challenges ahead for the three-wheeler maker. ADVERTISEMENT Atul Auto, which is Kedia's largest single equity bet in terms of the holding value, has been on a downturn since hitting the 52-week high of Rs 755 on the BSE. On Friday, this smallcap counter with a market capitalisation of Rs 1,270.31 on the NSE, closed at Rs 457.75. This is a 39% drop from its peak. Kedia held over 58 lakh shares representing 20.91% stake in Atul Auto in his name and through Kedia Securities Private Limited. The current holding value of Atul Auto is worth Rs 265 crore. This stake has not changed since the September quarter of 2023, according to the data fetched from Ace Rs 71 crore figure is the decline in the value of shares this year, and does not indicate a loss for the ace investor. The stock could be in focus ahead of its Q1 results announcements due on August 7. ADVERTISEMENT "Atul Auto is a reputed manufacturer and seller of auto rickshaws in both domestic and international markets. Currently, it is one of the fastest-growing three-wheeler companies in India," V.L.A. Ambala, a Sebi-registered Research Analyst and Co-founder of Stock Market Today said. Decoding the technical charts, she said that the stock is trading near its 200-week and 20-month moving averages, which suggests there could be an opportunity for gradual buying over the next 7 to 15 days. "Those interested may consider entering positions in the buying range of Rs 410 to Rs 460 and set price targets between Rs 530 and Rs 800. However, I suggest they adhere to a stop-loss at Rs 390 to manage risk effectively," Ambala suggested. ADVERTISEMENT Fundamentally, the current valuation of Atul Auto remains stretched, she opined, suggesting that its P/E ratio stands at 57.91 and much higher than the sector PE of 19.93. Meanwhile, its P/B ratio is 2.84 while ROE (Return on Equity) is quite low at 2.02%.Anuj Gupta, Director at Ya Wealth Global Research said that the stock has been trading in a range over the last couple of months and expects the trend to continue, going ahead. He sees strong support at Rs 440 and resistance at Rs 480. ADVERTISEMENT The company reported a strong January-March quarter, posting a 34% year-on-year jump in its consolidated net profit at Rs 7 crore. The total revenue in the said quarter stood at Rs 212 crore, growing 31% has invested in 14 stocks and his other bets with significant holding value include Neuland Laboratories (Rs 179 crore), TAC Infosec (Rs 136 crore), Elecon Engineering (Rs 130 crore) and Sudarshan Chemical (Rs 125 crore). (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
6 days ago
- Business
- Time of India
Bajaj Consumer shares shed over 4% after board approves Rs 186 cr share buyback
Shares of Bajaj Consumer Care slipped 4.53% to a day's low of Rs 231.02 on NSE on Friday, July 25, after the company's board approved a share buyback proposal. The company plans to repurchase 64 lakh fully paid-up equity shares, representing 4.69% of total equity as of March 31, 2025. The buyback will be carried out via the tender offer route through the stock exchange. The buyback price has been set at Rs 290 per share, with the total offer size not exceeding Rs 186.60 crore, payable in cash. This excludes additional expenses such as brokerage, taxes, and other statutory costs. The buyback is subject to shareholder approval, and Anand Rathi Advisors has been appointed as the transaction manager. The announcement comes amid a strong rally in Bajaj Consumer shares , which have risen 40% in the last three months, despite being down 11% over the past year. The recent uptrend has pushed the stock above its 50-day and 200-day simple moving averages of Rs 197.8 and Rs 192.6, respectively, according to Trendlyne data. The company has yet to announce its Q1FY26 earnings. In the March-ended quarter (Q4FY25), Bajaj Consumer reported a net profit of Rs 31 crore, down 13% from Rs 36 crore a year ago. Total revenue for the quarter rose 3% YoY to Rs 259 crore, compared to Rs 252 crore in Q4FY24. On Thursday, shares closed flat at Rs 244.45 on BSE. Also read: Vijay Kedia exits Tata stock after making multibagger returns in 5 years
Time of India
6 days ago
- Business
- Time of India
Mphasis shares in focus as PAT surges 8.4% YoY in Q1
The shares of Mphasis are likely to be in focus on Friday after the company reported an 8.4% year-on-year (YoY) gain in its Q1FY26 PAT at Rs 441.73 crore, while the same fell by 1.1% quarter-on-quarter (QoQ). The profit after tax (PAT) stands at Rs 442 crore, compared to Rs 446 crore in Q4FY25. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science others Product Management Data Science Degree Project Management Finance MCA PGDM CXO Management MBA Public Policy Others Operations Management Artificial Intelligence Data Analytics Technology Cybersecurity Leadership healthcare Design Thinking Healthcare Digital Marketing Skills you'll gain: Data Analysis & Interpretation Programming Proficiency Problem-Solving Skills Machine Learning & Artificial Intelligence Duration: 24 Months Vellore Institute of Technology VIT MSc in Data Science Starts on Aug 14, 2024 Get Details Skills you'll gain: Strategic Data-Analysis, including Data Mining & Preparation Predictive Modeling & Advanced Clustering Techniques Machine Learning Concepts & Regression Analysis Cutting-edge applications of AI, like NLP & Generative AI Duration: 8 Months IIM Kozhikode Professional Certificate in Data Science and Artificial Intelligence Starts on Jun 26, 2024 Get Details The company's revenue from operations for Q1FY26 rose marginally by 0.6% to Rs 3,732 crore, up from Rs 3,710 crore reported in the previous quarter. Earnings before interest and tax (EBIT) for the quarter came in at Rs 571 crore, reflecting a 0.7% increase over Rs 567 crore recorded in Q4FY25. The EBIT margin remained stable at 15.3%, unchanged from the previous quarter, with a minor movement of 1 basis point. Mphasis reported strong total contract value (TCV) wins in Q1FY26, with new deal wins reaching $760 million, marking a 138% year-on-year growth and the highest-ever TCV secured by the company in a single quarter. The company secured four large deals during the quarter—three exceeding $100 million and one over $50 million. The TCV wins were primarily driven by the Banking & Financial Services (BFS), Insurance, and Technology, Media and Telecom (TMT) sectors. Of the total wins, 68% were AI-led, showcasing the company's increasing focus on artificial intelligence-driven solutions. In terms of large deal wins (defined as those exceeding $20 million in TCV), Mphasis recorded 79 such deals in Q1FY26, compared to 75 in Q4FY25 and 65 in Q1FY25, adding 14 new large deals over the past year. Mphasis shares closed 2.9% lower at Rs 2,655.10 on the BSE on Thursday. Also read: Vijay Kedia exits Tata stock after making multibagger returns in 5 years ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
24-07-2025
- Business
- Time of India
Vijay Kedia portfolio stock in focus after stellar Q1 earnings. Check details
Vijay Kedia portfolio stock Mahindra Holidays & Resorts will be in focus on Thursday following a 69% year-on-year jump in its standalone net profit in the June ended quarter to Rs 76 crore versus Rs 45 crore in the year ago period. The revenue from operations increased 5% to Rs 369 crore versus Rs 351 crore in the corresponding quarter of the last financial year. The total income in the quarter under review stood at Rs 411 crore which was up 7% YoY over Rs 384 crore in the year ago period. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management Product Management Leadership CXO others Healthcare Artificial Intelligence Data Science MCA Others Operations Management Data Analytics healthcare Cybersecurity Degree Technology PGDM Digital Marketing Management Public Policy Data Science MBA Finance Design Thinking Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details The Earnings Before Interest, Taxes, Depreciation and Amortisation ( EBITDA ) in the April-June quarter stood at Rs 161 crore, a 42% surge compared to Rs 113 crore in the year ago period. As per the BSE shareholding data, Kedia held 20,25,000 equity shares which represented 1% stake in the company. After remaining a laggard, the stock has seen a bounce back in the past 6 months with the share rallying 12%. It has outperformed the headline indices BSE Sensex which have given returns of 8% and 9%, respectively. Live Events However, the one-year returns of the smallcap stock stand at a negative 17% versus nearly 3% by Nifty and the Sensex. Commenting on the earnings, MD & CEO Manoj Bhat called Q1 a strong quarter. "Our domestic business continues to do very well. Our standalone profit grew by 69% and our PAT margin expanded by 680 bps. Resort performance has been consistent with double-digit revenue growth and sustained occupancy of 85%+ on an expanded inventory base. We have commenced a new expansion project and are focused on achieving our aspiration of 10,000 rooms by FY30," Bhat said. "Our European operation, HCRO, has improved its performance in a weak seasonal quarter showing resilience amidst multiple economic headwinds. Our consolidated profits were impacted by adverse currency movements largely due to the sharp movement in the Euro. Despite this, our consolidated profits up by 18% YoY," he added. Also Read: Bajaj Housing Finance Q1 profit rises 21% to Rs 583 crore, AUM up 24% ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
