Somewhere, these 3 companies have not survived your eyes, promoters increased their stake

Promoter Holding Stocks: In September 2024, the Nifty 50 has fallen by about 15 per cent due to its peak, while the decline in smallcap stocks has been even greater. Investors have become cautious after seeing this lethargy in the market, but promoters of some companies are taking advantage of this opportunity and are buying shares of their companies.

While many people are seeing risk in this, promoters see the opportunity. His growing stake shows his trust in the company’s fundamentals and underwellood potential. Let us look at 3 such stocks today, where promoters have increased their stake in the midst of decline.

The first is Kiri Industries

Kiri Industries specializes in the production and export of dye, dye intermediates and basic chemicals. However, in the last 3 years, the company’s financial performance has been weak. The net profit has recorded an annual decline of -19 per cent.

The reason for this is the lack of demand in the global chemical industry and the prices of Raw Material are fluctuating. At the same time, the company faced the cases related to investment in Distar Global Holdings, which increased the legal costs.

However, the promoters have recently increased their stake through warrants. His stake in September 2024 was 26.7 percent, which increased to 31.7 percent in December 2024. Promoters hopes that the funds of the company from selling their stake in the diastar will strengthen the company’s financial situation.

The second is integrated industries

This company has recently made a big change in its business model and is now focusing on the manufacture and trading of organic and inorganic food products. In 2023, the company acquired a biscuit manufacturing plant called Nature Well Foods. Since then, the company’s revenue and profit have increased rapidly. In the last 12 months, both revenue and net profit have increased by more than 100 percent.

Promoters stake were 48.9 per cent in September 2024, which increased to 53.8 per cent in December 2024. The company aims to achieve revenue of Rs 7 billion in FY25 and Rs 12 billion in FY27. For this, a new biscuit manufacturing plant is also being set up in Uttar Pradesh.

The third is Asian Granito India

The Asian Grenito India makes products such as India Tiles, Engineer Marble and Quartus Surface. However, the company’s performance in the last 3 years has been modest. Net profit has been recorded.

The reason for this is the pressure of tight competition and unorganized sector in the tile market. Also, the company has recently done capacity expansion, which has increased depression and finance costs.

However, the promoters have expressed confidence in the company by increasing their stake. His stake in September 2024 was 29 per cent, which increased to 33.5 per cent in December 2024. The company is now focusing on Tier 2, Tier 3 and Tier 4 markets and is also running a branding campaign with celebrity Ranbir Kapoor.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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