Stock market today: In a show of confidence, the promoter of the Small-Cap Company GRM Overseas Limited According to an exchange filing on 21 February, early this week acquired more shares through the open market.
On Friday, February 21, the company informed the exchanges that Atul Garg, one of the promoters, picked up 45,000 equity shares of a marked price. 2 each, on Wednesday, February 19, represents a 0.07% stake of GRM abroad.
Prior to the acquisition, the promoters placed 4,46,09,984 shares of the company with 74.35% stake. After the stock purchase by Garg, the promoter holding has a 4,46,54,984 shares or 74.42% stake. Meanwhile, at the end of the December 2024 quarter, the promoters owned the company’s 4,33,71,984 shares or 72.79% holding.
Stock price
Promoter steak purchase comes at a time when Small stock Despite accidents in broad markets, it is doing more business.
The price of GRM foreign share has increased by 9.48% on the basis of year-on-year (YTD). Nifty 50 index And 17% decline in Nifty Smallcap 100 index during the same period.
Stock reduced business 0.40% 218.70 Apis on NSE. It touched the day’s high 223.30 and a lower 214.11.
Financial snapshot
During the quarter ended December 2024, the GRM, who included in the domestic and foreign markets branded and non-branded basmati rice, reported a decline of 2.27% in the Revenue of Q3 abroad, in the GRM abroad. 382.2 crore from 391.1 crore in the same period last year.
Popular benefits (pat) also submerged 13.5 crores from 15.5 crore, based on year-on-year (YOY), decline by 12.9%.
The operating performance was also weak, with Ebitda Q3 FY25 vs 23.3 Crore 26.9 crore in Q3 FY24. The Ebitda margin fell from 6.9% to 6.1% on the yoy basis.
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