Hot Pursuit     23-Jun-21
Godrej Agrovet soars after promoter raises stake
Shares of Godrej Agrovet surged 11.11% to Rs 640.45 after the company's promoter Godrej Industries hiked stake in the company.

According to BSE bulk deals data, Godrej Industries acquired 9,76,047 shares (0.51% equity) of Godrej Agrovet via the open market at an average price of Rs 570 a share.

Balram Singh Yadav, an individual investor, holding about 2.2% stake in the company as of 31 March 2020, sold 10 lakh shares (0.52% equity) of the company at an average price of Rs 570.01 apiece yesterday, the bulk deals data showed.

Promoter Godrej Industries held 59.90% stake in the company as on 31 March 2021.

The scrip of food and agri conglomerate extended its winning streak for third consecutive session. The stock has added 15.31% in three sessions, from its recent closing low of Rs 555.40 on 18 June 2021.

Godrej Agrovet is a diversified, Research & Development focused agri-business company. It holds leading market positions in the different businesses in which it operates - animal feed, crop protection, oil palm, dairy and poultry and processed foods.

The company's consolidated net profit slipped 8.4% to Rs 63.4 crore on 2.4% fall in net sales to Rs 1,455.25 crore in Q4 FY21 over Q4 FY20.

Previous News
  Godrej Agrovet consolidated net profit rises 46.85% in the September 2023 quarter
 ( Results - Announcements 04-Nov-23   07:32 )
  Godrej Agrovet receives reaffirmation in credit rating from ICRA
 ( Corporate News - 30-May-24   17:07 )
  Godrej Agrovet enters into partnership with Sime Darby Plantation Berhad
 ( Corporate News - 28-Sep-23   19:21 )
  Godrej Agrovet slips after Q2 PAT declines over 34% YoY;
 ( Hot Pursuit - 07-Nov-22   11:23 )
  Godrej Agrovet receives reaffirmation in credit ratings from ICRA
 ( Corporate News - 28-May-21   12:28 )
  Godrej Agrovet to declare Quarterly Result
 ( Corporate News - 26-Apr-22   10:16 )
  Godrej Agrovet to announce Quarterly Result
 ( Corporate News - 27-Jan-21   11:28 )
  Godrej Agrovet to discuss results
 ( Corporate News - 04-May-20   10:29 )
  Godrej Agrovet consolidated net profit rises 78.94% in the December 2022 quarter
 ( Results - Announcements 09-Feb-23   07:35 )
  Godrej Industries hikes stake in subsidiary - Godrej Agrovet
 ( Corporate News - 21-May-22   12:54 )
  Godrej Agrovet gets reaffirmation in credit ratings
 ( Corporate News - 26-Oct-17   18:45 )
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