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Time of India
04-07-2025
- Business
- Time of India
Dreamfolks sees Rs 169-cr stake sale by Bajaj Finance, others via block deal; shares tank 12%
Shares of Dreamfolks Services plunged 12% on Friday as a flurry of block deals worth Rs 169 crore spooked investors. Notably, Bajaj Finance , Motilal Oswal Mutual Fund and HRTI Pvt Ltd offloaded significant stakes. According to exchange data, Bajaj Finance sold 309,445 shares at Rs 196.32, translating to a deal size of Rs 61 crore. Motilal Oswal Mutual Fund offloaded 270,251 shares at Rs 211.14, amounting to Rs 57.04 crore, while HRTI Private Limited sold 261,485 shares at Rs 196.48, worth Rs 51.37 crore. Combined, these three block deals in Dreamfolks totalled 841,181 shares valued at approximately Rs 169.13 crore. Shares of Dreamfolks were sold at a discount from Thursday's closing price of Rs 217.58. The massive sell-off weighed heavily on Dreamfolks' stock price, which fell sharply in intraday trading as investors digested the sudden surge in supply. Live Events Dreamfolks, which provides airport lounge and travel services is a smallcap stock with a market capitalisation of Rs 1,010.53 crore. Also Read: Suzlon Energy gets 'no adverse observations' from NSE, BSE for merger with subsidiary The Dreamfolks stock has been a market underperformer, declining by 60% over a 1-year period when headline indices Nifty and Sensex have gained 4.84% and 4.31%, respectively. In 2025, so far, its fall has been to the tune of 52% versus Nifty's 7% uptick. The stock is currently trading in a strongly oversold zone with Friday's RSI and MFI standing at 23 and 9, respectively according to Trendlyne. A number below 30 is considered as oversold while above 70 is seen as overbought. Read More: Vedanta's investor dilemma: Dividend king, pauper returns; time to buy or say bye? The stock is also trading below its 50-day and 200-day simple moving averages of Rs 249 and Rs 336.
Economic Times
04-07-2025
- Business
- Economic Times
Dreamfolks sees Rs 169-cr stake sale by Bajaj Finance, others via block deal; shares tank 12%
Shares of Dreamfolks Services plunged 12% on Friday as a flurry of block deals worth Rs 169 crore spooked investors. Notably, Bajaj Finance, Motilal Oswal Mutual Fund and HRTI Pvt Ltd offloaded significant stakes. ADVERTISEMENT According to exchange data, Bajaj Finance sold 309,445 shares at Rs 196.32, translating to a deal size of Rs 61 crore. Motilal Oswal Mutual Fund offloaded 270,251 shares at Rs 211.14, amounting to Rs 57.04 crore, while HRTI Private Limited sold 261,485 shares at Rs 196.48, worth Rs 51.37 crore. Combined, these three block deals in Dreamfolks totalled 841,181 shares valued at approximately Rs 169.13 crore. Shares of Dreamfolks were sold at a discount from Thursday's closing price of Rs massive sell-off weighed heavily on Dreamfolks' stock price, which fell sharply in intraday trading as investors digested the sudden surge in which provides airport lounge and travel services is a smallcap stock with a market capitalisation of Rs 1,010.53 crore. ADVERTISEMENT Also Read: Suzlon Energy gets 'no adverse observations' from NSE, BSE for merger with subsidiary The Dreamfolks stock has been a market underperformer, declining by 60% over a 1-year period when headline indices Nifty and Sensex have gained 4.84% and 4.31%, respectively. In 2025, so far, its fall has been to the tune of 52% versus Nifty's 7% uptick. ADVERTISEMENT The stock is currently trading in a strongly oversold zone with Friday's RSI and MFI standing at 23 and 9, respectively according to Trendlyne. A number below 30 is considered as oversold while above 70 is seen as overbought. ADVERTISEMENT Read More: Vedanta's investor dilemma: Dividend king, pauper returns; time to buy or say bye?The stock is also trading below its 50-day and 200-day simple moving averages of Rs 249 and Rs 336. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
24-06-2025
- Business
- Economic Times
Dixon Technologies shares in focus after promoter offloads 2.77% stake for over Rs 2,221 crore
Shares of Dixon Technologies will be in focus on Tuesday after its promoter and chairperson, Sunil Vachani, offloaded a 2.77% stake in the company for over Rs 2,221 crore through an open market transaction. ADVERTISEMENT According to BSE bulk deal data, Vachani sold 16.70 lakh shares of the Noida-based contract manufacturer at an average price of Rs 13,301.47 per share. Following the stake sale, his individual holding in the company declined from 5.34% to 2.57%. As a result, the combined promoter holding fell to 29.5% from 32.27%. On the other side of the deal, Motilal Oswal Mutual Fund acquired 14.45 lakh shares in two tranches, amounting to a 2.39% stake for approximately Rs 1,924 crore. The shares were purchased at an average price of Rs 13,307.96 apiece. With this acquisition, Motilal Oswal Mutual Fund's total holding in Dixon rose to 4.63% from 2.24%. Also Read: 11 Nifty mid & smallcap stocks that can rally 40-90% over the next 12 months Following the stake sale, Dixon Technologies shares rose 3.55% on Monday to close at Rs 14,554.10 on the positive stock movement comes on the back of a strong quarterly performance. Last month, Dixon Technologies reported a more than four-fold jump in consolidated net profit to Rs 464.95 crore for the quarter ended March 31, 2025, driven by robust revenue growth. In the same quarter last year, the company had posted a net profit of Rs 97.3 crore. ADVERTISEMENT Revenue from operations surged to Rs 10,292.54 crore from Rs 4,657.97 crore a year ago, underscoring the company's continued expansion in India's electronics manufacturing Read: Is the grey market premium misleading? Decoding the valuation gap in HDB Financial's IPO ADVERTISEMENT According to Trendlyne, the average analyst target price for Dixon Technologies stands at Rs 16,486, indicating an upside potential of around 13% from current levels. Out of 28 analysts tracking the stock, the consensus recommendation is a 'Buy'.Technically, the stock's Relative Strength Index (RSI) is at 46.6, suggesting neutral momentum. It continues to trade below its 20-day, 50-day, 100-day, and 200-day simple moving averages. ADVERTISEMENT While shares have declined nearly 19% so far in 2025, they remain up about 26% over the past 12 months. Dixon Technologies currently commands a market capitalisation of around Rs 88,019 crore. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
24-06-2025
- Business
- Time of India
Dixon Technologies shares in focus after promoter offloads 2.77% stake for over Rs 2,221 crore
Live Events Dixon Technologies share price target Shares of Dixon Technologies will be in focus on Tuesday after its promoter and chairperson, Sunil Vachani , offloaded a 2.77% stake in the company for over Rs 2,221 crore through an open market to BSE bulk deal data, Vachani sold 16.70 lakh shares of the Noida-based contract manufacturer at an average price of Rs 13,301.47 per share. Following the stake sale, his individual holding in the company declined from 5.34% to 2.57%. As a result, the combined promoter holding fell to 29.5% from 32.27%.On the other side of the deal, Motilal Oswal Mutual Fund acquired 14.45 lakh shares in two tranches, amounting to a 2.39% stake for approximately Rs 1,924 crore. The shares were purchased at an average price of Rs 13,307.96 apiece. With this acquisition, Motilal Oswal Mutual Fund's total holding in Dixon rose to 4.63% from 2.24%.Following the stake sale, Dixon Technologies shares rose 3.55% on Monday to close at Rs 14,554.10 on the positive stock movement comes on the back of a strong quarterly performance. Last month, Dixon Technologies reported a more than four-fold jump in consolidated net profit to Rs 464.95 crore for the quarter ended March 31, 2025, driven by robust revenue growth. In the same quarter last year, the company had posted a net profit of Rs 97.3 from operations surged to Rs 10,292.54 crore from Rs 4,657.97 crore a year ago, underscoring the company's continued expansion in India's electronics manufacturing to Trendlyne, the average analyst target price for Dixon Technologies stands at Rs 16,486, indicating an upside potential of around 13% from current levels. Out of 28 analysts tracking the stock, the consensus recommendation is a 'Buy'.Technically, the stock's Relative Strength Index (RSI) is at 46.6, suggesting neutral momentum. It continues to trade below its 20-day, 50-day, 100-day, and 200-day simple moving shares have declined nearly 19% so far in 2025, they remain up about 26% over the past 12 months. Dixon Technologies currently commands a market capitalisation of around Rs 88,019 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
23-06-2025
- Business
- Economic Times
Ellenbarrie plans to raise Rs 400 crore through fresh equity to reduce debt and expand capacity
ET Intelligence Group: Ellenbarrie Industrial Gases, a Kolkata-based manufacturer of oxygen, nitrogen, carbon dioxide and other gases for industrials purpose, plans to raise ₹400 crore through fresh equity to repay debt and for capital expenditure, and another ₹452.5 crore through an offer for sale. The promoter group's stake will fall to over 77% after the IPO from 96.5% considering the pre-IPO allotment to Motilal Oswal Mutual Fund. The planned debt reduction and capacity addition provide a road map for earnings growth. ADVERTISEMENT The company has shown improvement in margins and return ratios. However, investors should be mindful of certain risks including geographic concentration and rising receivables. Given these factors, the issue looks suitable for long-term investors with a high-risk appetite. Ellenbarrie generates over 87% of gas sales revenue from oxygen and nitrogen. Its top 10 customers are located in east and south India, and five of its nine manufacturing facilities are based in West Bengal. This regional concentration means any localised economic, social, or political disruption could adversely impact operations. The company will utilise IPO proceeds worth ₹104.5 crore to set up a 220 tonnes-per-day (TPD) air separation unit at the Uluberia-II plant. More than one-third of the revenue comes from either government or public sector undertaking tenders. This may result in revenue volatility. Trade receivables have increased-from 16.8% of revenue in FY24 to 26.8% in FY25-indicating longer collection cycles that could put pressure on cash grew by 23% annually to ₹312.1 crore while net profit nearly trebled to ₹83.3 crore between FY23 and FY25. Ebitda margin) expanded to 35.1% from 16.4% during the period. Return on equity nearly doubled to 16.9%. However, the net debt-to-equity ratio rose to 0.32 in FY25 from 0.01 in FY23, due to capacity investments. Of the fresh issue proceeds, ₹210 crore will be used to prepay existing borrowings, which were ₹264.2 crore at the end of April. The company demands a P/E multiple of 67.8 considering FY25 earnings. This is lower than Linde India's P/E of 147. Linde reported revenue and net profit of ₹2,485 crore and ₹455 crore respectively and Ebitda margin of 30.8% for FY25. (You can now subscribe to our ETMarkets WhatsApp channel)
