Market drivers known as Foreign Institutional Investors (FIIs) are identified. U.S.-based FII acquired more than 1% Stake in this mid-cap company and currently, the company shares are trading above the both 50-days and 200-days moving averages.
KPR Mills Ltd
KPR Mills Ltd. has a market capitalization of Rs. 24,629 Cr. and it is a mid-cap company. On Monday the company shares opened at Rs. 735.20 and currently trading 1.2% down at Rs. 720. On the same day, the stock reached a new 52-week high of Rs. 745.20.
According to the company filing, the world’s largest Fund House ‘FIDELITY’, the U.S.-based FII, invested by acquiring more than 1% equity shares of KPR Mill Limited during last week.
As per the company filing, the total consolidated revenue grew by 0.63% YoY from Rs. 1604.97 Cr in Q1 FY23 to Rs. 1615.99 Cr in Q1 FY24, for the same period net profit declined by 10.52% YoY from Rs. 226.69 Cr to Rs. 202.84 Cr.
According to the latest shareholder information, Promoters own 74.78%, DIIs own 14.71%, FIIs own 3.03%, and the public owns a 7.48% stake in this company.
One of the largest vertically integrated, publicly traded enterprises, KPR Mill Ltd. focuses on a variety of industries, including White Crystal Sugar, Yarn, Fabrics, and Garments. KPR gained lots of experience over the past 40 years, which has enabled it to make a substantial impact on the textile sector.
Written by Sheshadri N
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