The shares of this Real-estate company gained 1 percent after the company announced the fresh acquisition of 2.10 lakh equity shares worth Rs 5.67 crores in a leading footwear brand.
Elpro International Ltd is a small-cap company with a market capitalization of Rs 1,337.53 crores. The company shares were trading at Rs 79.29 a share, an increase of 0.43 percent from the previous close price of Rs 78.92 a share.
According to the exchange filing, Elpro International Ltd. announced the Fresh acquisition of 2,10,097 equity shares in Campus Activewear Ltd a leading footwear company for investment purposes, with an investment of Rs 5.67 crore.
Campus Activewear Ltd’s revenue has increased by 24.27 percent on a year-on-year basis from Rs 1,487 crore FY 2021-22 to Rs 1,196 crore FY 2022-23.
Elpro International Ltd’s revenue increased by 69.98 percent from Rs. 72.42 crores in FY 2021- 22 to Rs 123.1 crores in FY 2022-23. Further, during the same period, Net Profit decreased by 95.4 percent from Rs 1,056.72 crores to Rs 47.94 crores.
Elpro International Ltd stock gave a 15.90 percent return on a year-to-date basis and 23.30 percent in six months.
Elpro International Ltd’s recent shareholding pattern, The Promoters of the Company own 74.9 percent, Retail shareholders own a 12.97 percent stake in the company and Foreign Institutional Investors own a 12.03 percent stake.
Elpro International Ltd is involved in windmill operations, equity investment in third parties, construction and development of real estate properties, and the manufacturing of surge arresters.
Written By:- Abhishek Singh
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