Latest news with #FazeThree
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Business Standard
6 days ago
- Business
- Business Standard
Ashish Kacholia portfolio stock hits record high; zooms 118% from March low
Share price of Faze Three Shares of Faze Three hit a record high of ₹694, soaring 7 per cent on the BSE in Monday's intra-day trade in an otherwise weak market. The stock price of the smallcap textile company surpassed its previous high of ₹667 touched on May 19, 2025. In comparison, the BSE Sensex was down 0.48 per cent at 82,107 at 02:38 PM. In the past two trading days, the stock surged 14 per cent. The market price of Faze Three has more-than-doubled or zoomed 118 per cent from its 52-week low of ₹318 touched on March 3, 2025 on the BSE. Ashish Kacholia hold 5 per cent stake in Faze Three Investor Ashish Kacholia held 1.32 equity shares representing 5.42 per cent stake in Faze Three at the end of March 2025 quarter, the shareholding pattern data showed. The ace investor - Ashish Kacholia reportedly holds over 1 per cent stake in other stocks such as in Shaily Engineering Plastics, Safari Industries, Tanfac Industries, Man Industries and Balu Forge. What's driving the Faze Three stock price? As global supply chains undergo realignment, India is rapidly emerging as a preferred textile manufacturing destination. With a skilled workforce, strong infrastructure, and rising investment in sustainability and innovation, India is well-equipped to meet global demands. Home textiles are the third largest segment of Indian textile industry after apparels and technical textiles. Bed linen and bath linen are the two largest selling products and together account for two-third of home textile market. Kitchen linens, curtains, upholstery, and rugs / carpets are the other major products in the sector. The landmark Free Trade Agreement (FTA) between India and the United Kingdom is poised to significantly boost India's textile exports to the UK, according to ICRA. India's apparel and home textiles trade with the UK is projected to double in the next 5-6 years, with export volumes expected to grow at a compounded annual rate of ~13 per cent. The UK's share in India's textile exports is anticipated to rise from 7-8 per cent to 11-13 per cent by CY2027, the rating agency said. The agreement is set to be operational in CY2026, pending legal review, marking a transformative milestone for India's textile sector and bilateral trade with the UK. Faze Three - Outlook Faze Three's major customers include global big-box retailers in the US, the UK, and Europe such as Walmart, Costco, Target, and Sainsbury, among others. The company benefits from established and long-term relationships with key customers, which are expected to result in high repeat orders and increasing wallet share, supporting revenue visibility, according to analysts. China plus one has been reinvigorated after a hiatus of 2 years. Almost all top retailers have targets of diversifying at least 15-20 per cent out of China within next 2-3 years if India / Others can deliver. Faze Three in FY25 investor presentation said that the company estimates revenue growth of at least 22-25 per cent for FY 26 and FY 27 given the build up and efforts undertaken over the last 2 years to expand product categories and growth across existing customers & categories while adding new customers too. The company caters to the high end home textiles segment and the orders are custom made as per the client specifications. Majority of the revenue (~90 per cent FY2023-24) is derived from the international market. The key export markets include the United States of America (USA), United Kingdom (UK), Germany, Australia, Hong Kong, Canada, South Africa, Brazil and others.
Business Standard
24-05-2025
- Business
- Business Standard
Faze Three consolidated net profit rises 95.40% in the March 2025 quarter
Sales rise 28.11% to Rs 210.55 crore Net profit of Faze Three rose 95.40% to Rs 17.43 crore in the quarter ended March 2025 as against Rs 8.92 crore during the previous quarter ended March 2024. Sales rose 28.11% to Rs 210.55 crore in the quarter ended March 2025 as against Rs 164.35 crore during the previous quarter ended March 2024. For the full year,net profit declined 12.73% to Rs 40.66 crore in the year ended March 2025 as against Rs 46.59 crore during the previous year ended March 2024. Sales rose 22.22% to Rs 689.94 crore in the year ended March 2025 as against Rs 564.52 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 210.55164.35 28 689.94564.52 22 OPM % 11.6611.21 - 11.6615.32 - PBDT 28.1517.50 61 77.6883.05 -6 PBT 21.2911.75 81 52.6562.45 -16 NP 17.438.92 95 40.6646.59 -13
Mint
12-05-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 12 May 2025
Breakout stocks buy or sell: The Indian stock market snapped its longest weekly winning streak of 2025, as rising geopolitical tensions between India and Pakistan dampened investor sentiment and dragged indices lower. The Sensex and Nifty 50 faced increased volatility throughout the week due to the ongoing border conflict. During the week, the BSE Sensex dropped by 1,047.52 points or 1.30%, while the Nifty fell by 338.7 points or 1.39%. The sharp decline in benchmark indices was primarily driven by escalating conflict, including reports of drone and missile attacks. Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment has turned cautious as the Nifty 50 index has closed below 50-DEMA support placed at 24,050. Speaking on the outlook of Indian stock market, Bagadia said, 'The benchmark index support has now slipped around 23,800 levels. On the upper side, the 50-stock index is facing hurdle at 23,400. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Breakout stocks can be a good option for intraday trading." Sumeet Bagadia recommends five shares to buy today — NDR Auto Components, SJS Enterprises, Faze Three, Apollo Tyres, and Manorama Industries. 1] NDR Auto Components: Buy at ₹ 732, target ₹ 780, stop loss ₹ 705; 2] SJS Enterprises: Buy at ₹ 1015, target ₹ 1090, stop loss ₹ 975; 3] Faze Three: Buy at ₹ 599, target ₹ 640, stop loss ₹ 580; 4] Apollo Tyres: Buy at ₹ 130.3, target ₹ 140, stop loss ₹ 125; 5] Manorama Industries: Buy at ₹ 1297.5, target ₹ 1400, stop loss ₹ 1250. Disclaimer: The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
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Business Standard
08-05-2025
- Business
- Business Standard
Ashish Kacholia portfolio stock hits record high; zooms 27% in 5 days
Share price of Faze Three today: Shares of Faze Three hit an all-time high of Rs 602.85, surging 7.5 per cent on the BSE in Thursday's intra-day trade. The stock price of the smallcap textile company has surpassed its previous high of Rs 580.65 touched on August 13, 2024. In the past five trading days, the stock has zoomed 27 per cent from the level of Rs 475.70 on April 30, 2025. The market price of Faze Three has skyrocketed 90 per cent from its March month low of Rs 318 on the BSE. Ashish Kacholia owns 5 per cent stake in Faze Three Investor Ashish Kacholia held 1.32 Million equity shares representing 5.42 per cent stake in Faze Three at the end of March 2025 quarter, the shareholding pattern data showed. Currently, Ashish Kacholia's 5.42 per cent stake is valued at Rs 76.58 crore. What's fuelling rally in Faze Three stock price After nearly three and a half years of negotiations, India and the United Kingdom announced on Tuesday the conclusion of talks for a free trade agreement (FTA) that could reshape the way Indians work and do business in Britain. According to media reports, textile duties may reduce from 12 per cent to nil, a positive for India's exporters. With this, India currently matches Bangladesh's most favored nation (MFN) status and Vietnam FTA in securing tariff-free access to the UK. While the FTA enhances India's textiles competitiveness, sustained gains will depend on improved cost structure and productivity. Overall, the trade deal appears to favour India's labor-intensive industries such as textiles, leather goods, and agricultural products, according to analysts at Elara Capital. Clothes are the second-largest export to the UK from India, with the South Asian nation shipping £900 million worth of goods in 2024. The removal of tariffs will enhance India's competitiveness against countries like Bangladesh and Vietnam, according to the Federation of Indian Export Organisations. Also Read Apparel retailers such as Marks and Spencers and Primark are expected to shift sourcing to India from Bangladesh after this deal, Bloomberg reported quoting P Senthilkumar, a partner at Vector Consulting. About Faze Three Faze Three is engaged in manufacturing and export of Home Textile Products, cotton handlooms, furnishing fabrics and textile made ups. It has a diversified product basket which includes cotton and rubber backed bath mats, durries, chair pads, tufted bedspreads and throws, hand tufted carpets and rugs made of cotton and wool, cushion covers, curtains as well as poly cotton and cotton damask table covers, napkins, patio mats, and seat covers amongst others. Faze Three caters to the high end home textiles segment and the orders are custom made as per the client specifications. Majority of the revenue (~90 per cent FY 2023-24) is derived from the international market. The key export markets include the United States of America (USA), United Kingdom (UK), Germany, Australia, Hong Kong, Canada, South Africa, Brazil and others.
