Penny Stocks in which Ashish Kacholia Bought Over 8% Stake in October 2024
In Friday’s trading session, the stock of the company, which is engaged in manufacturing tarpaulins and geomembranes, fell 2 per cent at Rs. On BSE it is 77.97.
With a market capitalization of Rs. $65.05 billion; Texel Industries Limited It opened in red for Rs. 77.97 compared to the previous closing price of Rs. 79.56.
Stock holding pattern:
According to the October 2024 shareholding pattern, promoters hold 28.16% stake in the company while retail investors hold 71.83% stake in Texel Industries.
According to a regulatory filing with the BSE on October 23, ace investor Ashish Rameshchandra Kacholia purchased around 10.45 lakh shares, representing 8.71% stake in Texel Industries, through preferential allotment.
finances:
Texel Industries reported a slight increase in operating revenue, up nearly 12% year-on-year from Rs. 24.93 crores in the second quarter of FY24 to Rs. 27.85 billion in the second quarter of FY25. During the same period, the company’s net profit recorded a deficit of 50 billion won. 2.2 crores with a profit of Rs. 0.85 billion.
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Inventory performance:
The stock has had a positive return of nearly 54.5% over the course of a year and about 90% over the past six months. So far in 2024, Texel Industries’ stock has posted a positive return of approximately 45.6%.
About us:
Established in 1989, Texel Industries Limited is engaged in the business of manufacturing geotextile products. The company manufactures a variety of geotextile products including geomembranes, geotextiles and ground covers.
Its products are used in agriculture, aquaculture, horticulture, animal husbandry, civil engineering, water harvesting, water conservation and disaster relief, landscaping, transportation, pollution control and waste management.
Written by Shivani Singh
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