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 5.62% in the December 2021 quarter
 ( Results - Announcements 04-Feb-22   17:37 )
  Board of Godrej Agrovet approves appointment of Executive Director
 ( Corporate News - 05-Feb-22   10:09 )
  Godrej Agrovet gains as Q1 PAT rises 23% YoY to Rs 132 cr
 ( Hot Pursuit - 02-Aug-24   11:11 )
  Godrej Agrovet schedules board meeting
 ( Corporate News - 23-Jan-24   10:51 )
  Godrej Family inks deal to split 127-yr old conglomerate
 ( Hot Pursuit - 02-May-24   16:16 )
  Godrej Agrovet consolidated net profit rises 2.07% in the September 2021 quarter
 ( Results - Announcements 10-Nov-21   08:20 )
  Godrej Agrovet director resigns
 ( Corporate News - 23-May-19   18:03 )
  Godrej Agrovet allots 10,118 equity shares under ESOP
 ( Corporate News - 01-Jun-21   19:18 )
  Godrej Agrovet allots 392 equity shares under ESGS
 ( Corporate News - 05-Feb-22   09:30 )
  Godrej Agrovet soars after promoter raises stake
 ( Hot Pursuit - 23-Jun-21   14:50 )
  Godrej Agrovet IPO to open on 4 October
 ( IPO Centre - IPO News 26-Sep-17   12:22 )
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