Latest news with #KPRMill
News18
08-07-2025
- Business
- News18
Gokaldas Exports, Other Textile Stocks Surge Up To 8% After US Imposes 35% Tariff On Bangladesh
Shares of Indian textile companies including Gokaldas Exports, KPR Mill, Vardhman Textiles, and Arvind Ltd zoomed up to 8.2% in intraday trade on Tuesday, July 8, after the US administration, under President Donald Trump, announced a 35% tariff on Bangladesh, with specific implications for the apparel and textile sector. The shares of Gokaldas Exports surged 8.2% on Tuesday, reaching a high of Rs 974.70, and leading the gains among textile stocks. Vardhman Textiles shares followed closely, rising 7.9% to touch Rs 537.70. KPR Mill shares climbed 4% to reach Rs 1,204.85 during the session, while the shares of Arvind Ltd gained 2.9%, hitting an intraday high of Rs 356.35.
Time of India
08-07-2025
- Business
- Time of India
Gokaldas Exports, other textile stocks zoom up to 8% as US slaps 35% tariff on Bangladesh
Shares of Indian textile companies including Gokaldas Exports , KPR Mill , Vardhman Textiles , and Arvind Ltd zoomed up to 8.2% in intraday trade on Tuesday, July 8, after the US administration, under President Donald Trump, announced a 35% tariff on Bangladesh, with specific implications for the apparel and textile sector. The shares of Gokaldas Exports surged 8.2% on Tuesday, reaching a high of Rs 974.70, and leading the gains among textile stocks . Vardhman Textiles shares followed closely, rising 7.9% to touch Rs 537.70. KPR Mill shares climbed 4% to reach Rs 1,204.85 during the session, while the shares of Arvind Ltd gained 2.9%, hitting an intraday high of Rs 356.35. The newly announced tariff, which takes effect from August 1, is a slight drop from the 37% rate that had been proposed earlier in April. However, it still stands significantly above the standard 10% tariff baseline and is expected to impact Bangladesh's competitiveness in the global garment supply chain. While the US has left the door open for negotiations in the weeks leading up to the implementation, the announcement has already prompted a reassessment of sourcing strategies among American buyers. The tariff escalation comes on the heels of a recent trade agreement signed between the US and Vietnam, which imposes a 20% tariff on direct Vietnamese exports and a steeper 40% duty on transshipped goods—exports routed through Vietnam but originating in other countries to bypass tariff walls. Currently, India faces a 10% tariff on textile exports to the US, but due to product classifications and differential rates, some segments experience tariffs as high as 26%. The shift in tariff dynamics is expected to realign competitive advantages, especially if further negotiations tilt in India's favor. Industry is likely to closely track the developments around a potential trade agreement between India and the US, especially after the return of an Indian delegation from Washington last week. Any easing of tariff burdens on Indian textile exports during such a deal could help improve India's price competitiveness and expand its market share in the US. However, it should be noted that if tariff levels remain unchanged for Indian goods while others are adjusted downward, especially for Vietnam, India's advantage in the export market may narrow. Also read: Jane Street probe: Sebi chief Tuhin Kanta Pandey rules out weekly expiry ban, signals tighter derivatives watch ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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Business Standard
18-06-2025
- Business
- Business Standard
MFs' mcap baskets set for reshuffle; Largecap, midcap cut offs to decline
The large, mid and smallcap investment space of mutual funds is set for a reshuffle, with over 20 stocks expected to move in and out of each of the market capitalisation (mcap) baskets. Association of Mutual Funds in India (Amfi) revises the largecap, midcap and smallcap stock list in January and July every year. The half-yearly reclassification is crucial for mcap-based schemes like largecap, midcap and smallcap to remain true-to-the-label by aligning their portfolios according to the category mandate. According to an analysis of mcap data of the first half of 2025 (as of June 16), as many as 11 midcap stocks, including the likes of Indian Hotels, Max Healthcare, Mazagon Dock and Shree Cement, are likely to earn the 'largecap' tag during the next reclassification. The midcap universe may see 12 new entrants, including KPR Mill, Cholamandalam Financial, Godfrey Phillips, and Multi Commodity Exchange. In the reclassification, 100 stocks with the highest average mcap in the previous six months are tagged largecaps. The next 150 stocks are midcaps. The remaining are classified as smallcaps. The changes, especially in the largecap space, are expected to be the highest in recent years, given the volatility in 2025 so far. Correction in the initial months of the year also means a reversal in the post-Covid trend of midcap cut off. The mcap cut off to qualify as a midcap company is expected to come down for the first time in nine such exercises in the last four and a half years. The cut off this time is expected to be around ₹29,000 crore compared to ₹33,221 crore in January 2025. Similarly, in the largecap space, the cut off is likely to come down from ₹1 trillion to ₹90,000 crore. In the post-Covid period, the cut offs had grown multi-fold due to a rally in stock prices. The growing cut offs had even led to calls for expansion of the largecap and midcap universes. Amfi will release the revised list in the first week of July. The new entries in the largecap space are likely to come in place of Rail Vikas Nigam Ltd (RVNL), Hero MotoCorp, Indian Overseas Bank, Cummins India, Swiggy, Polycab India, Bosch, ICICI Prudential Life Insurance, Dabur India, JSW Energy and NTPC Green Energy. From the current midcap basket, stocks like Punjab & Sind Bank, Ola Electric Mobility, Aditya Birla Fashion and Retail, Indraprastha Gas and The New India Assurance Co are likely to get downgraded to the smallcap category. In line for upgrades Midcap to largecap Indian Hotels Co Max Healthcare Institute Mazagon Dock Shipbuilders Solar Industries India Shree Cement Mankind Pharma Apollo Hospitals Enterprise Union Bank of India Lupin Jindal Steel & Power Dixon Technologies India Smallcap to midcap KPR Mill Cholamandalam Financial Holdings Godfrey Phillips India Global Health Multi Commodity Exchange of India ITI Limited Radico Khaitan Laurus Labs Authum Investment & Infrastructure Narayana Hrudayalaya New listings in midcap ITC Hotels Hexaware Technologies Expected changes based on average mcap from Jan 1, 2025 to June 16, 2025 Final changes to be announced on the basis of average mcap between Jan 1 to June 30
Economic Times
30-05-2025
- Business
- Economic Times
Market surge leads to Rs 50,000 crore worth stake sales by promoters and shareholders
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: The stock market rebound in the past few months has prompted dominant shareholders and promoters of companies to trim their far this month, they have sold shares worth over ₹50,000 crore through bulk and block deals on the bourses after a lull, continuing from where they left off before October, when the stock market was in the midst of a bull to exchange data, prominent shareholders and promoters divested stakes in ITC InterGlobe Aviation (IndiGo), PNB Housing and One 97 Communications (Paytm) this month, along with Kfin Technologies , KPR Mill and PG Electroplast. The divestments ranged from ₹1,133 crore to ₹12,941 crore since May 1."A significant amount of domestic liquidity had been waiting on the sidelines for market stability," said Ajay Saraf, ED and head of investment banking at ICICI Securities. "With foreign funds turning positive on India's secondary market and key overhangs like geopolitical tensions and tariff concerns easing, the deal market has roared back to life."This momentum is expected to continue as long as the current positive sentiment holds and no major crisis disrupts the environment, said the largest deals, British American Tobacco sold 2.5% of its stake in ITC , worth ₹12,941 crore while Singtel affiliate Pastel Ltd sold Bharti Airtel shares worth ₹12,880 crore. BAT is the largest shareholder in ITC, while Singtel is part of the promoter group of Bharti. InterGlobe Aviation promoter Rakesh Gangwal and his family trust sold a 5.72% stake for about ₹11,564 equity firm Carlyle's subsidiary, Quality Investment Holdings, offloaded its entire stake of 10.4% in PNB Housing Finance worth ₹2,713 crore. Ant Financial, the fintech subsidiary of Alibaba Group, sold shares of One 97 Communications worth ₹2,104 crore through open-market Technologies promoter General Atlantic Singapore Fund Pte sold shares worth ₹1,790 crore."The resurgence in Indian equity capital market deals is being driven by a confluence of positive factors - stabilising geopolitical tensions, easing trade uncertainties, encouraging full-year corporate earnings, improving high-frequency macro indicators, renewed FII interest, and sustained retail inflows into domestic mutual funds," said Ranvir Davda, co-head of investment banking at HSBC India. "We believe that IPOs, blocks, and follow-on activity in the second half of calendar year 2025 will be significantly higher compared to the first half, with multiple companies having already received Sebi approval and several other listed companies having announced plans for fund-raising."The selling in the secondary market was not limited to large caps and extended to small and midcap companies such as PG Electroplast and KPR Mill, in which promoters reduced stakes by selling shares worth ₹1,132 crore and ₹1,232 crore, respectively. So far in May, the Nifty 50 has gained 2.05% while the Nifty Midcap 150 has risen 6.5% and the Smallcap 250 has advanced 9.2%."FY24 saw an all-time high in promoter exits, which was also on the back of a bullish market," said Pranav Haldea, MD, Prime Database Group. "While promoter buying is always a good sign, reasons for exit can vary and range from cashing out due to good valuation, setting up other businesses, debt reduction and personal reasons."While policy announcements from the US remain unpredictable, the momentum in open-market transactions looks likely to continue, he said.
Time of India
22-05-2025
- Business
- Time of India
Promoters sell shares worth Rs 1,231 crore in KPR Mill
Shares of KPR Mill fell 2.8% to close at `1,195 on BSE on Wednesday. ICICI Prudential Life Insurance Company was among the buyers in the deal. As of March 31, KPD Sigamani, K P Ramasamy and P Nataraj held 20.34% stakes each in the company. Shares of KPR Mill fell 2.8% to close at `1,195 on BSE on Wednesday. Tired of too many ads? Remove Ads MUMBAI: Promoters sold shares of KPR Mill worth Rs 1,231 crore through bulk deals on BSE Wednesday. The promoters — KPD Sigamani, K P Ramasamy and P Nataraj—sold a total of 1.08 crore shares at about Rs 1,140 apiece. ICICI Prudential Life Insurance Company was among the buyers in the deal. As of March 31, KPD Sigamani, K P Ramasamy and P Nataraj held 20.34% stakes each in the company . Shares of KPR Mill fell 2.8% to close at `1,195 on BSE on Wednesday.
