During Thursday’s trading session, the shares of one of the leading players in the tiles and marble business surged nearly 3.3 percent on BSE, following a bulk deal worth more than Rs. 5 crores on the NSE.
Price Movements
With a market cap of Rs. 947 crores, at 12:15 p.m., the shares of NITCO Limited were trading in the green at Rs. 131.8 on BSE, up by nearly 1.1 percent, as compared to its previous closing price of Rs. 130.35.
The stock has delivered multibagger returns of over 105 percent in one year, and has gained around 15 percent in the last one month.
What’s the News
As per the latest bulk deal available with the NSE, Mansi Share And Stock Advisors Pvt. Ltd. bought 3,99,488 equity shares in NITCO Limited through an open market transaction, representing a 0.17 percent stake. The deal was valued at approximately Rs. 5.11 crore, executed at an average price of Rs. 128.11 per share.
Previous Updates
16th December 2024 – NITCO Limited secured orders valued at Rs. 105 crores from the real estate firm Prestige Group for the supply of tiles, marble and mosaic. Based on the Prestige’s ongoing projects, NITCO expects the order size to increase to about Rs. 210 crore.
22nd April 2025: Kamath Associates bought 8,12,137 equity shares in NITCO Limited through an open market transaction, representing a 0.36 percent stake. The deal was valued at around Rs. 9.74 crore, executed at an average price of Rs. 120 per share.
Financial Performance
NITCO reported a marginal growth in revenue from operations, experiencing a year-on-year increase of nearly 6.3 percent, rising from Rs. 80 crores in Q3 FY24 to Rs. 85 crores in Q3 FY25.
However, during the same period, the company’s net loss widened from Rs. 45 crores to Rs. 660 crores, representing a decline of around 1367 percent YoY.
About the company
Incorporated in 1966, NITCO Limited is one of the leading players in the tiles and marble business, with manufacturing facilities located in Maharashtra and Silvassa. The company sells its products primarily in India through independent dealers/distributors and modern trade.
Written by Shivani Singh
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