Latest news with #GRMOverseas
Mint
20-06-2025
- Business
- Mint
Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 20 June 2025
Breakout stocks buy or sell: Indian stock market indices, Sensex and Nifty 50, closed slightly lower on Thursday, June 19, amid fragile investor sentiment due to rising tensions between Israel and Iran. The Sensex declined by 83 points, or 0.10 per cent, to close at 81,361.87, while the Nifty 50 slipped 19 points, or 0.08 per cent, ending the session at 24,793.25. Meanwhile, mid-cap and small-cap stocks witnessed significant declines. Sumeet Bagadia, Executive Director at Choice Broking, believes that despite uncertainty caused by the Israel-Iran war, the Indian stock market sentiment continues to remain cautious as the Nifty 50 index once again bounced back after coming close to 24,750 to 24,800 levels. Speaking on the outlook of Indian stock market, Bagadia said, ' The benchmark index has made crucial support at 24,500, while the 50-stock index has crucial resistance ar 25,200. Bullish or bearish trend could be assumed on the breakage of either side of these two important levels. So, one should maintain stock-specific approach and look at those stocks that are looking strong on the technical chart. Looking at breakout stocks can be a good option." Sumeet Bagadia recommends five shares to buy today — Swiggy, Aban Offshore Ltd Fully Paid Ord. Shrs, GRM Overseas, Gallantt Ispat, and Sumitomo Chemical India. 1] Swiggy: Buy at ₹ 374.15, target ₹ 401, stop loss ₹ 361; 2] Aban Offshore Ltd Fully Paid Ord. Shrs: Buy at ₹ 59.29, target ₹ 64, stop loss ₹ 57.21; 3] GRM Overseas: Buy at ₹ 372.25, target ₹ 400, stop loss ₹ 359; 4] Gallantt Ispat: Buy at ₹ 470.60, target ₹ 504, stop loss ₹ 454; 5] Sumitomo Chemical India: Buy at ₹ 502.25, target ₹ 537, stop loss ₹ 484. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
16-06-2025
- Business
- Business Standard
GRM Overseas jumps 26% in eight days
GRM Overseas rallied 5.35% to Rs 361.50, extending gains for the eighth consecutive trading session. Shares of GRM Overseas surged 25.63% in eight trading sessions from its recent closing low of Rs 287.75 on 4 June 2025. The stock hit a 52-week high of Rs 363.45 today. The counter has soared 112.46% from its 52-week low of Rs 170.15, hit on 14 June 2024. On the BSE, 0.41 lakh shares have been traded so far, compared with average daily volumes of 0.38 lakh shares in the past two weeks. The stock had outperformed the market over the past month, rising 18.93% as against the Sensex's 0.68% shed. The scrip had outperformed the market in the past three months, jumping 32.05% as against a 10.76% rise in Sensex. The counter had also outperformed the market in the past year, soaring 110.79% as against Sensex's 6.21% increase. On the technical front, the stock's daily RSI (relative strength index) stood at 73.597. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50-day, 100-day, and 200-day simple moving average (SMA), placed at 308.95, 274.08, and 249.27, respectively. These levels will act as crucial support zones in the near term. GRM Overseas is in the business of milling, processing, and marketing branded/nonbranded basmati rice in the domestic and overseas markets. The company's consolidated net profit declined 3.3% to Rs 20.48 crore on a 28.2% drop in net sales to Rs 291.39 crore in Q4 FY25 over Q4 FY24.
Business Standard
30-05-2025
- Business
- Business Standard
GRM Overseas consolidated net profit declines 3.26% in the March 2025 quarter
Sales decline 28.22% to Rs 291.39 crore Net profit of GRM Overseas declined 3.26% to Rs 20.48 crore in the quarter ended March 2025 as against Rs 21.17 crore during the previous quarter ended March 2024. Sales declined 28.22% to Rs 291.39 crore in the quarter ended March 2025 as against Rs 405.93 crore during the previous quarter ended March 2024. For the full year,net profit rose 0.86% to Rs 61.24 crore in the year ended March 2025 as against Rs 60.72 crore during the previous year ended March 2024. Sales rose 2.72% to Rs 1348.19 crore in the year ended March 2025 as against Rs 1312.44 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 291.39405.93 -28 1348.191312.44 3 OPM % 11.205.38 - 5.905.50 - PBDT 29.8027.74 7 87.8584.13 4 PBT 28.9526.70 8 84.7480.46 5 NP 20.4821.17 -3 61.2460.72 1
Mint
29-05-2025
- Business
- Mint
Small-cap FMCG stock GRM Overseas edges higher despite weak trends on Dalal Street; here's why
Small-cap FMCG stock GRM Overseas inched a little higher in Thursday's trading session after announced its March quarter results and converted 13,52,000 warrants into equity shares on preferential basis. At 2:00pm, GRM Overseas share price touched an intraday high to ₹ 297.95 apiece, against previous close at ₹ 295.15 on Wednesday. The FMCG stock has performed exceptionally well in last one year, almost doubling investors wealth. GRM Overseas share delivered multibagger returns by soaring over 115.37 per cent in a year. Meanwhile, the stock has ascended 48.27 per cent in terms of year-to-date. The FMCG company posted 51 per cent rise in its net profit quarter to quarter (QoQ) to ₹ 20.47 crore for the quarter ending on March 31, 2025 from ₹ 13.54 crore in the December quarter FY25. Whereas, the net profit declined 3.2 per cent on year-to-year basis from ₹ 21.16 crore in the same period a year ago. Revenue from operations also fell over by 28 per cent YoY to ₹ 291 crore in March 2025, as compared to ₹ 406 crore last year. On the other hand, total expenses for the March 2025 quarter also declined to ₹ 267.5 crore. In an exchange filing, the company further informed that the board has approved the conversion of 13,52,000 warrants into equity shares on preferential basis, worth ₹ 15,21,00,000. 'Approved the conversion of 13,52,000 (Thirteen Lakhs Fifty Two Thousand) convertible warrants into 13,52,000 (Thirteen Lakhs Fifty Two Thousand) equity shares of face value of Rs.2/- each, on preferential basis, upon receipt of an amount aggregating to Rs. 15,21,00,000/- (Rupees Fifteen Crores Twenty One Lakhs only) at the rate of Rs. 112.5 (Rupees One Hundred Twelve and Paisa Fifty Only) per warrant,' GRM Overseas said in the filing. It further added, 'Consequent to this conversion of warrants/allotment of Equity Shares, 77,18,000 warrants remain pending for conversion and these warrant holders are entitled to get their warrants converted into equal number of Equity Shares of the Company by paying remaining 75% i.e., Rs. 112.5 per warrant within 18 months from the date of warrant allotment.' Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
India.com
23-04-2025
- Business
- India.com
FMCG stock GRM Overseas gains after update on credit rating
Shares of FMCG company GRM Overseas are in focus as the company has shared an update related to the credit rating on its bank facilities. The counter started today's session in the green at Rs 323.90 on the BSE. The scrip had closed at Rs 323.20 in the previous session. The counter touched the intraday high of Rs 325.80. Before that, it hit a low of Rs 313.85. Last seen, the counter was trading at Rs 325. According to BSE Analytics, the shares of GRM Overseas has given a multibagger return of over 122 per cent in one year and 88 per cent in two years. While it has corrected 40 per cent in three years, the stock has made investors richer by 3,021 per cent in 5 years. GRM Overseas, which is listed on both National Stock Exchange and BSE, has informed exchanges that Acuite Ratings & Research Limited has reaffirmed the long-term rating of 'Acuite A-' (Acuite A minus) and short-term rating of 'Acuite A2+' (Acuite A two plus) on its Rs 312 crore bank facilities and said that the outlook is 'stable'. Stating the rationale of rating reaffirmation, Acuité Ratings & Research Limited said that it takes into account 'the healthy financial risk profile of the group, its strong liquidity position and improvement in revenues in 9MFY2025 post recording a decline in FY2024 as compared to FY2023, albeit moderation in profitability margins. Further, the rating continues to draw comfort from the extensive experience of the management and established brand presence in the agri-food industry.' It also said that rating remains constrained on account of working capital-intensive nature of operations, exposure to agro-climatic conditions, inventory risks, economic conditions in export markets, foreign exchange fluctuations and government regulations. 'The group's ability to sustain growth in revenue and improve its profitability margins while maintaining its capital structure and healthy debt coverage indicators will remain a key rating monitorable,' the filing said.
