Hot Pursuit     26-Jun-07
Kothari Products gets a kickstart as promoters chew on a deal
Kothari Products had surged 4.33% to Rs 563 at 13:54 IST after 16.9 lakh shares changed hands in block deals at an average price of Rs 541.41 each on BSE.

The scrip had touched a high of Rs 585 and a low of Rs 540 so far during the day. On BSE, 17.20 lakh shares of the scrip were traded.

The stock had an average daily volume of 7,313 shares on BSE in the past one quarter.

At the current price of Rs 562 the scrip trades at a PE multiple of 4.53 based on year ended March 2007 EPS of Rs 124.27.

The Kothari Products scrip had gained 6.40% in the one month to 25 June 2007 versus the Sensex's 1.04% rise. It added 1.23% in the past three months against Sensex's 10.39% return.

The stock's 52-week high was Rs 654 on 18 January 2007 and 52-week low Rs 431 on 10 August 2006.

Multiple block deals were struck on the counter in opening trades on BSE today, 26 June 2007. The block deals, amounting to 25.5% of its equity capital, constituted transfer of stake between promoters. It was the second top traded counter on BSE with turnover of Rs 93.15 crore.

As per recent media reports, Deepak Kothari intends to increase his stake to 46.02% in the company by purchasing the holding of M.M. Kothari and Sharda Kothari.

Kothari Products’ net profit fell 86.1% to Rs 4.46 crore in Q4 March 2007 as against Rs 32.15 crore in Q4 March 2006. Sales dipped 44.6% to Rs 27.70 crore in Q4 March 2007 compared with Rs 50 crore in Q4 March 2006.

Net profit scaled up 7.5% to Rs 82.39 crore in the year ended March 2007 as against Rs 76.66 crore in March 2006. Sales declined 16.1% to Rs 137.50 crore in FY 2007 compared with Rs 163.90 crore in FY 2006.

Kothari Group is a top player in pan masala and gutkha. The company manufactures and markets its products under the brands Pan Parag, Gutkha and Zarda.

Previous News
  Kothari Products consolidated net profit declines 86.12% in the March 2022 quarter
 ( Results - Announcements 31-May-22   11:01 )
  Kothari Products to conduct board meeting
 ( Corporate News - 17-Jan-24   09:48 )
  Kothari Products consolidated net profit rises 454.98% in the June 2023 quarter
 ( Results - Announcements 15-Aug-23   09:26 )
  Kothari Products standalone net profit rises 44.85% in the December 2017 quarter
 ( Results - Announcements 16-Feb-18   18:02 )
  Kothari Products to hold board meeting
 ( Corporate News - 18-Jun-21   11:32 )
  Kothari Products reports consolidated net profit of Rs 11.44 crore in the March 2024 quarter
 ( Results - Announcements 28-May-24   07:39 )
  Kothari Products to announce Quarterly Result
 ( Corporate News - 18-Jul-20   17:11 )
  Kothari Products divests entire stake held in subsidiary - Sukhdham Constructions & Developers
 ( Corporate News - 25-Feb-17   19:13 )
  Intense Technologies Ltd leads gainers in 'B' group
 ( Hot Pursuit - 18-May-21   12:15 )
  Kothari Products Ltd leads gainers in 'B' group
 ( Hot Pursuit - 30-May-19   12:15 )
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 ( Results - Announcements 01-Feb-10   15:50 )
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